It is a fundamental way to achieve sustainable development and inclusive growth that China takes the low-carbon development path. And low-carbon development is an effective way to respond to many threats, including global climate anomalies, environmental degradation, and energy shortage. Low-carbon economy is policy economy to a large extent. Although the external environment demands low-carbon development of electric power industry, enterprises lack intrinsic motivation. Electric power industry is the pillar industry of China, and is one of the key industries for China's low-carbon development. The government needs to ensure its dominant position in the low-carbon development of electric power industry, and reform the government performance management system and promote the planning and management of electric power industry through appropriate public policy, in order to adjust the structure of the electric power industry and take a low-carbon development road with Chinese characteristics.