Jiangsu Scraps Fixed Industrial Power Prices, Ending Storage Arbitrage

This is a structural shift rather than a routine tariff tweak. By tying retail rates to wholesale price transmission, Jiangsu removes the predictable spread that made behind-the-meter storage economics work for commercial and industrial operators, effectively turning a revenue-certainty business into a merchant-risk one. The affected group is storage developers and their industrial hosts in the province. The open question is whether those operators can pivot to other value streams, and whether other provinces follow Jiangsu's template.