The present disclosure provides a dispatching method and a dispatching device for an integrated transmission and distribution network. The integrated transmission and distribution network includes a transmission network and at least one distribution network. The method includes: establishing a dispatch model of the integrated transmission and distribution network, in which dispatch model includes an objective function and constraints, the objective function is a minimizing function of a total generation cost of the transmission network and the at least one distribution network under the constraints; solving the dispatch model to obtain dynamic dispatch parameters for the integrated transmission and distribution network; and dispatching the integrated transmission and distribution network according to the dynamic dispatch parameters.