The invention relates to a grid multi-time-scale dispatching method comprises steps of successively performing a day-ahead dispatching model, an intraday dispatching model and a real-time dispatchingmodel, which all uses a conventional unit, wind power, a CAES power station and a flexible load as dispatching resources and use operating economy as an optimization objective, in order to obtain theoutput plans of the conventional unit, wind power and the CAES power station, a flexible load dispatching plan, a rotary reserve capacity, and an AGC capacity acquisition plan, wherein the constraintsof each dispatching model include the operational constraints of each dispatching resource, and the constraints of the real-time dispatching model also include the constraints that the CAES power station participates in the grid AGC frequency modulation. The method takes a system including the CAES power station and the flexible load as a research object, comprehensively considers the dispatchingcharacteristics of the CAES power station and the multi-type flexible load which reduce the system air abandonment amount at different time scales, additionally considers the AGC unit rotary reserveand the auxiliary frequency modulation service of the CAES power station, effectively improves the level of wind power consumption and ensures efficient and safe economic operation of the system.