Abstract: At present, when conducting reverse logistics processing for power equipment, it is generally through auction, direct scrapping, and other forms, which fail to accurately assess the residual value of the equipment, and even evaluate the value based on the weight of raw materials, greatly underestimating the residual value of the equipment. In this paper, based on the systematic investigation of the equipment operation of electric power enterprises and the analysis of a large number of literatures, the value evaluation index system of electric power equipment reverse logistics is proposed, which consists of 10 indexes such as appearance inspection and electrical performance. Then, the entropy weight method is used to determine the weight of the indicators. On this basis, the scientificity of the model is evaluated using the actual case of China Southern Power Grid Corporation, and the results are good.