Insiders familiar with the formulation of China’s power reform plans disclosed that the Department of Economic System Reform under the National Development and Reform Commission and the Department of Electric Power under the National Energy Administration have each formulated a power reform plan, between which there are huge differences that cost a lot of time to reconcile. A unified power reform plan has therefore drafted, featuring the following key points: 1. Promote direct electricity trade to gradually establish a market-oriented electricity pricing system; 2. Reform power grids, leaving their revenue determined by the central government and depriving them of the role in electricity trade. In general, the new reform plan maintained the market orientation. Notably, power grids will be positioned as electricity transmission service providers.