Abstract: The new round of power sector reform has promoted the rapid development of China’s electricity direct trading market. This paper reviews the development history, market models and characteristics of the electricity direct trading market in such typical provinces as Yunnan, Inner Mongolia and Guangdong, and summarizes their respective achievements and challenges. Some policy recommendations are proposed on the future construction directions of China’s electricity market, which can provide a reference for electricity market construction of China’s other provinces.

Key words: electricity market, development history, market model, policy recommendations