The invention relates to a mean value model in a modular multilevel converter (MMC), and a simulation method of the same, and belongs to the field of flexible power transmission, and power electronics. The mean value model in a modular multilevel converter, and the simulation method of the same aim at improving the accuracy of a mean value simulation model in a modular multilevel converter and accelerating dynamic response. The mean value model in a modular multilevel converter includes an alternating current side equivalent model, a direct current side equivalent model and a capacitor equivalent model. The mean value model in a modular multilevel converter, and the simulation method of the same can improve the dynamic response speed of the system by means of a method of extracting the equivalent capacitors individually from sub modules and utilizing the controlled voltage source to control the direct current side. The mean value model in a modular multilevel converter, and the simulation method of the same can control the switches of the alternating current side equivalent model and the direct current side equivalent model, and the equivalent capacitors and equivalent voltage of sub modules at the same time to control the simulation model to realize simulation of stable operation of the MMC, operation in fault, of the MMC, and starting of pre charging at the same time.