The invention discloses an interactive panorama display system for power system operation. The interactive panorama display system comprises a three-dimensional panorama display module and a transformer substation 3D interactive display module; the three-dimensional panorama display module carries out all-directional display on a power enterprise condition through a stereoscopic picture; the transformer substation 3D interactive display module comprises an interactive peripheral device, an information processing device and a 3D image display device, wherein the interactive peripheral device is used for capturing staff body information; the information processing device stores transformer substation three-dimensional model data, and calls the transformer substation three-dimensional model data according to a staff body instruction captured by the interactive peripheral device and transmits the transformer substation three-dimensional model data to the 3D image display device; and the 3D image display device enables staff to inspect and view the transformer substation in real time through a three-dimensional image. The interactive panorama display system for the power system operation provided by the invention performs interactive display through three-dimensional panorama display, and the overall situation of a power grid of an entire company can be introduced intuitively and conveniently.