China kicked off the programme to liberalise its power market in March 2015, and has made solid progress in the past two years. The benefits are obvious – liberalisation saved China US$150 billion on its 2016 power bill. The country's new power market liberalisation policy announced on 10 April will maintain the reform momentum, but is set to face a growing backlash. Slower demand and a structural supply glut are piling more pressure on coal generators – and they could face a greater struggle when exposed to stiff market competition. As liberalisation progresses, clean energy sources will also need to leave incubation and prepare to fend for themselves in the market.