This study focuses on the dual carbon goals, providing a detailed analysis of the power sector’s industrial chain and emphasizing the necessity of transitioning traditional power systems to new energy systems dominated by renewable sources. By dissecting the roles and impacts of various components of the supply chain, the research identifies key areas requiring intervention and proposes strategic solutions that align with the objectives of carbon peaking and carbon neutrality. The findings offer valuable insights into the transformational processes required for the electric power industry to significantly reduce its carbon footprint and lead the way toward a greener, more sustainable future.