The invention discloses a low-voltage electric equipment fault positioning system based on an electric energy metering technology, and the system comprises a positioning device which comprises an MCU,a feature data collection module, a feature database, a touch display screen, a communication module, and a power module. The input end of the feature data collection module is connected with a digital transmitter and a metering module of the electric energy meter of each room, the output end of the feature data collection module, the feature database, the display screen and the communication module are connected with the MCU, and the communication module is connected with a user software system. By arranging the positioning device, the operations of establishing the feature database, collecting the power utilization data in real time, extracting the transient feature power and the transient current amplitude are realized, and through data analysis and comparison, the position of a room where a fault occurs be identified and a faulty electric appliance in the room can be identified, and fault positioning can be rapidly realized; and meanwhile, information is transmitted to a user, sothat the fault searching efficiency is improved.