An energy balancing apparatus and method, and a terminal are provided in the battery field. The apparatus may include a controlled alternating current energy supply, an alternating current energy distribution circuit, filter circuits, rectifier circuits, and a balance control circuit. The controlled alternating current energy supply and an input port of the alternating current energy distribution circuit are connected in parallel, each output port of the alternating current energy distribution circuit and an input side of a corresponding filter circuit are connected in parallel, an output side of each filter circuit and an alternating current side of a corresponding rectifier circuit are connected in parallel, a direct current side of each rectifier circuit and a corresponding battery cell are connected in parallel, each battery cell is connected to the balance control circuit, and the balance control circuit is connected to the controlled alternating current energy supply.