To achieve the dual“low-carbon”goals, China is developing new energy sources with great efforts. However, the substantial in?crease in power fluctuation and intermittency of these new energy sources has significantly added to the challenge of maintaining powerbalance. There is an urgent need to establish a power balance mechanism in the electricity market that can adapt to the extremely high pen?etration of new energy sources. Germany’s energy structure shares a high degree of similarity with China. Hence, analyzing Germany’selectricity market and balance mechanism provides valuable insights. Based on the analysis of the German electricity market, Germany’spower balance mechanism is systematically reviewed with the concept of“Balancing Group”at its core. Drawing on Germany’s experienc?es and considering the current state of China’s electricity market, suggestions are offered upon the development of China’s power balancemechanism, from the perspective of reducing balance demand, decentralizing balance responsibilities, accommodating new energy sources,devolving some dispatch rights,and innovation research direction.