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Owing to the characteristics of nonlinearity, asymmetry and stochastic volatility, electrified railway traction loads have arose some hazardous effects to security and stability, reactive power compensation and voltage control, power supply quality of power system. It has practical significance to research on the influence of traction loads to power system for ensuring security and stability of power system. By using Power System Analysis Software Package/User Program Interface (PSASP/UPI) function, the electrified railway traction measurement-based load model (traction load model, TLM) for transient stability simulation are established, and then the TLM is applied to Hunan Electrical Power Network. The dynamic characteristics of TLM and the difference characteristics between TLM and the traditional load model are analyzed through setting different faults. The paper provides a convenient reference for further research on the relay protection setting calculation of power system and safety controlling strategies of traction power supply system.