<p>A power system protection system for preventing a voltage drop resulting from the reactive power characteristic of a power system. A main device for acquiring a system electric quantity of one or a plurality of upper substations detects a voltage drop resulting from the reactive power characteristic of the power system and transmits a detection signal of the voltage drop to a terminal device for acquiring a system electric quantity of one or a plurality of lower substations. Each terminal device sequentially sheds loads starting from those suffering more from the influence of the voltage drop resulting from the reactive power characteristic based on the load voltage and load current of a load bus.</p>