Supervisory Framework of China Electric Power Universal Service

The industry of electric power possesses obvious character of semi-public goods, which may induce market failure. In order to ensure basic living uses needed by residents especially for those residents living in rural poor, remote and border areas, the industry of electric power can not completely depend on market mechanism to resolve, and as the necessary in modern society, the electric power possesses the nature of universal service, and the government should actualize the aim of electric power universal service and implement the responsibilities as a supervisor. It is the necessary premise to confirm the aim and tasks of supervision for the implementation of governmental supervisory responsibilities, and this article mainly analyzes the basic supervisory framework of electric power universal service.