The invention provides a power system relay protection system based on wireless transmission. The power system relay protection system based on the wireless transmission comprises the following components: (1) an industrial wireless switch; (2) a wireless synchronization clock device; (3) a wireless merging unit device; (4) a wireless intelligent terminal device; and (5) a wireless protection device, wherein the wireless relay protection device comprises a wireless plugin, a management board plugin, a protection plugin, a power plugin and the like. The power system relay protection system based on the wireless transmission, provided by the invention, can effectively reduce building materials such as optical cables, copper cables and the like which are used during secondary wiring in a substation, shortens the construction period, saves the construction investment, reduces a secondary return circuit, prevents locking and misoperation of protection caused by the secondary return circuit problem improves the reliability of the protection system, is convenient to install and debug, and can reduce the workload of maintenance personnel.