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As China's electricity market develops rapidly in recent years, market evaluation turns out to be more necessary than before to make a comprehensive evaluation of market construction and operation, and ensure a fair and health electricity market. In this study, the international experience of market monitoring and assessment is firstly summarized. Then considering the feature of China's inter-provincial power market, the evaluation index system is proposed for the operation effectiveness of inter-provincial electricity market. At last, a case of comparing the short-term and long-term inter-provincial market modes is presented to validate the proposed market evaluation index system.