Abstract: Aiming at how to correctly evaluate the new energy absorption capacity of the power system, this paper proposes a multi-objective evaluation model of new energy consumption capacity based on time series production simulation. Firstly, the paper analyzes the new energy consumption mode under the market mechanism, and believes that the new energy development stage in China is mainly the mode of new energy not participating in auction transactions. Then, a multi-objective absorption capacity evaluation model of new energy based on time series production simulation is proposed, which can obtain the maximum power consumption of new energy and the situation of wind and solar power with the goal of minimizing the amount of energy abandoned by wind and light.