The invention discloses a system and method for heating feed water through reheat steam to achieve deep peak regulation. According to the system and method, a steam-steam heat exchanger serves as a full-load-section operation system, steam behind a rear screen is used for heating cold reheat steam, the reheat steam is used for heating the feed water, and low-pressure steam heated through the rear screen is extracted for heating a primary air pulverized coal pipeline. When the system runs, reheated steam is pumped to heat feed water through the steam-water heat exchanger, the temperature of the feed water and the wall temperature of the water cooling wall are increased, and the combustion condition of the boiler is improved; after the cooled steam absorbs heat in the steam-steam heater, part of the cooled steam is pumped out to heat primary air pulverized coal airflow, the initial temperature of the pulverized coal airflow is increased, and the ignition and stable combustion performance of the boiler is improved; heat of the superheater is guided out through the steam-steam-water heat exchanger, part of heat of superheated steam and reheated steam is used for increasing the feed water temperature and the primary air pulverized coal airflow temperature, and the effects that the low-load ignition stability is improved, the load point for converting the boiler into the wet state is increased, the deep adjustment load of the boiler is reduced, and the unit operation flexibility is improved are achieved.