Provided is nickel-based alloy powder for laser cladding electricity conducting roller, the chemical components of the material mainly comprise the following elements including Ni, Cr, Mo, W, Co, V, Fe, Si, and Mn, the alloying components further comprise at least two rare earth elements among Y2O3, La2O3, Ce and Hf with proper amount, the weight percentages of the material of Cr 23-25%, Mo 14-16%, W 5-8%, Fe 6-10%, Co 3-5%, V 0.1-0.6%, Mn 0.5-2%, Si 0.2-2%, Y2O3 0.1-0.5%, Hf 0.1-0.5%, La2O3 0.1-0.5%, Ce 0.1-0.5%, and the rest is Ni. The alloy substrate of the invention is strengthened through multiple strengthened methods, and the crystal boundary quality is improved, which enables the alloy to achieve perfect combination property, thereby achieving medium rigidity and relatively high intensity of the alloy, simultaneously reducing alloy melting point and increasing properties of oxidation resistance, abrasion resistance, corrosion resistance, and certain electricity conduction. The invention provides an effective and convenient process for successful restoration of disabled electricity conducting roller parts of metallurgy industry.