The utility model relates to an electric power tech field especially relates to a novel current limiting type load flow control system. This novel current limiting type load flow control system includes shunt transformer, parallelly connected converter, series transformer, series connection coupling transformer and current limiter module, one side of parallelly connected converter is passed through shunt transformer and is connected with grid system to the opposite side that allies oneself with the converter is connected on one side of the series transformer, and is provided with electric capacity between parallelly connected converter and the series transformer, series transformer opposite side and current limiter module are through the vice limit connection of series connection coupling transformer to grid system is gone into through the former edge joint of series connection coupling transformer to the series transformer opposite side, the utility model discloses a reducible short circuit mute time of novel current limiting type load flow control system, reduce the component parameter and reduce the impact of short -circuit current to the electric wire netting.