The invention discloses a method for discriminating the type of a low frequency oscillation mechanism based on envelope fitting. The technical scheme comprises the steps of: first, acquiring an envelope of a dominant oscillation mode curve through oscillation data to be analyzed; then, carrying out discrimination on the periodicity of the envelope, thereby coming into different fitting determinations according to discrimination results; and finally, realizing discrimination of negative damping free oscillation, zero damping free oscillation, positive damping resonance and zero damping resonance according to fitting results. Compared with a technical scheme in the prior art, the method disclosed by the invention utilizes WAMS measured data, makes full use of envelope characteristics of various types of low frequency oscillations after extracting dominant mode signals through a digital signal processing method, and discriminates the type of the low frequency oscillation in a mode of fitting, the discrimination process is clear, the discrimination is precise and reliable, and the discrimination speed is high, thereby well meeting requirements for discrimination of the type of the low frequency oscillation, and having good engineering application values.