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The traction load of electrified railways is a special user of the power system, which will have a significant impact on and pose a challenge to the power system after grid connection. Considering the impact and fluctuation of traction load connected to the power grid, this paper proposed a method to study the influence of traction load on the transient stability of the power grid based on parameter identification. Firstly, according to the operation characteristics of traction load, a comprehensive traction load model based on the measurement-based method of induction motor parallel power function model is selected, and the objective function of parameter identification is determined. Then, the specific steps of using the improved gray wolf optimizer (IGWO) algorithm to achieve the parameter identification of the traction comprehensive load model are introduced, including chaotic map, nonlinear convergence factor, and individual position update. Next, with the IEEE39 bus system as the network background, the load parameters identified by the measured data of a line of the Beijing–Shanghai high-speed railway are imported into the Power System Analysis Software Package (PSASP) 7.0 for transient simulation to analyze the impact of traction load on the transient stability of the power grid. Finally, three typical load models are compared with the traction load model to draw relevant conclusions, and it is verified that the traction load characteristics are different from the general load model, which provides reference for the connection of electrified railway traction load to the power grid and the economic and technical construction of the power system. [ABSTRACT FROM AUTHOR]