The invention discloses an intelligent power grid data encryption method with forward security. The method comprises the following steps: a control center registers an aggregation gateway after receiving a registration request sent to the control center by the aggregation gateway, a public key K used for encrypting plaintext data is sent to the aggregation gateway; the aggregation gateway registers the intelligent electric meter after receiving a registration request sent to the aggregation gateway by the ith intelligent electric meter Ii, sends a public key K to the intelligent electric meter; a counter j=0 is set, whether j is less than or equal to a time period T is judged; and if yes, the ith intelligent electric meter Ii selects the ID number of the ith intelligent electric meter Ii and generates a random number ti,j, calculates and discloses a time reference variable Ri,j according to the random number ti,j, and sends the random number ti,j, the ID number IDi of the ith intelligent electric meter Ii and the time reference variable Ri,j to the control center. According to the invention, the signature private key is updated in a fixed time period, the forward security of signature information is ensured, and the aggregation and verification of digital signatures are completed without using bilinear pairs.