国泰海通｜电新：两部门健全容量电价机制，内蒙古储能放电补偿出台

Core Viewpoint - The article emphasizes that the nationwide implementation of the capacity pricing mechanism will enhance the economic viability of energy storage in more provinces, leading to significant growth in the sector. Additionally, the introduction of discharge compensation in Inner Mongolia is expected to stimulate energy storage demand in 2026 [1][2]. Group 1: Policy Developments - The National Development and Reform Commission and the National Energy Administration have released guidelines to promote renewable energy consumption and regulation, aiming to meet an annual demand for the reasonable consumption of over 200 million kilowatts of new energy [2]. - The guidelines propose the establishment of a capacity pricing mechanism for coal power, pumped storage, and new energy storage, which is a significant step in integrating new energy storage into the pricing framework [2]. Group 2: Economic Viability of Energy Storage - Inner Mongolia's independent energy storage discharge compensation is set at 0.28 yuan per kWh for 2026, which, despite being lower than the 0.35 yuan per kWh in 2025, will still support the economic viability of energy storage and significantly boost demand [3]. - The average bidding price for 4-hour energy storage systems has increased by 11%, with a weighted average price of 0.44 yuan per Wh, reflecting a strong market demand [3]. Group 3: Market Growth Indicators - In October 2025, the newly added bidding volume for domestic energy storage reached 8.39 GW/27.08 GWh, marking a year-on-year increase of 24% and 29%, respectively, with Inner Mongolia, Xinjiang, and Gansu contributing over half of the market demand [3]. - The newly added bidding quantity for energy storage in October 2025 was 8.32 GW/26.67 GWh, showing a remarkable year-on-year growth of 139% and 176% [3].