The invention discloses a quantitative evaluation method of energy saving and emission reduction benefits of a power grid. The quantitative evaluation method is characterized by comprising the following steps: S1, an index data preprocessing step, which comprises uniformization processing and dimensionless processing of data; S2, an index correlation processing step, which includes extracting a principal component of each system by the principal component analysis, after the first principal component is separated, obtaining a constituent coefficient of each second-level index to the first principal component, retaining the second-level indexes with the larger constituent coefficients, and deleting the second-level indexes with the smaller constituent coefficients; S3, an index weight determination step, which includes weighting according to the relative importance degree of the indexes and weighting according to the discrete degree of the index data; S4, an aggregate model construction step, which includes performing linear compensation among the evaluation indexes by adopting a linear weighted synthesis method and taking a linear weighting function of each index value as a comprehensive evaluation model; and S5, an evaluation result display step, which includes analyzing and displaying intermediate results and final results.