The China Electricity Regulatory Commission (CERC) - the new power industry watchdog - will take over seven departments and 11 key responsibilities currently handled by separate government bodies, according to a mainland-backed media report.
The proposed energy regulator is part of Beijing's restructuring aimed at enhancing regulatory functions and reducing the government's role in running businesses.
Details of the role and function of the CERC, which will have 200 staff, will be unveiled before the end of the month, said the pro-Beijing Wen Wei Po report quoting an undisclosed CERC source.
Functions of existing regulators will be transferred to the CERC, such as the daily administrative role now carried out by the State Economic and Trade Commission (SETC), and the electricity price regulatory role of the State Development Planning Commission (SDPC).
The Ministry of Finance's role in auditing power company books, as well as industry giant State Power Corp's roles in pre-approving power plant projects and price adjustments will also be amalgamated into the CERC's mandates.
The merging of roles into the CERC is aimed at enhancing regulatory efficiency, as companies will have to deal with only one main regulator on most matters in the future.