The invention discloses a power limiting control method for a variable speed constant frequency wind turbine generator and capable of reducing the variable pitch frequency. According to the method, a rotation speed critical decrease variable is introduced into a variable pitch controller, characteristics of a wind turbine are fully utilized, the unbalanced power is adjusted through kinetic energy of a wind wheel preferably, the action mechanism of a variable pitch system is optimized, and the problem that a variable pitch mechanism acts frequently in the high-air-speed stage is effectively solved. According to the method, by changing the decrease action value of the variable pitch system, the unbalanced kinetic energy is released or absorbed through the wind wheel of the wind turbine preferably, the action frequency and action amplitude of the variable pitch system can be effectively reduced on the premise that the target power output of the wind turbine is met, and accordingly the mechanical fatigue of the variable pitch system is relieved, and the service life of the variable pitch system is prolonged.