The invention provides a receiving end power grid dynamic load flow analysis method and system after a DC fault of an electric power system. The method includes the following steps: acquiring the real-time power grid operation data information of an electric power system, computing deletion power of a receiving end power grid after a DC fault, computing one dynamic modulation frequency of a receiving end system, computing a load and an operation set output adjusting amount, resolving an unbalanced power of the receiving end power grid, determining whether the unbalanced power meets convergencecriterion, if the unbalanced power meets convergence criterion, computing the load flow of the electric power system of the entire power grid, and if the unbalanced power does not meet convergence criterion, returning to step 3 and performing iterative computation, and if the unbalanced power meets convergence criterion, performing load flow computation, and finally outputting a computation result. The system includes: a data acquiring module, a computation module, a determination module and an output module. According to the invention, the technical solution herein addresses the inaccurate computation that is caused by failure to consider system dynamic frequency characteristics of traditional load flow computation of the electric power system, and can increase the accuracy of system load flow analysis result after the fault of the electric power system.