The invention provides a novel multifunctional fence for a substation. The multifunctional fence comprises a fence composed of a fence frame, wherein an intelligent control system is arranged on the fence and comprises a master monitoring controller, a slave monitoring controller, a lattice screen display device, a power supply unit and related connecting components; the power supply unit is composed of a solar cell panel, a lithium battery and a charge and discharge treatment device; the solar cell panel is connected with the charge and discharge treatment device and provides electric power;and the lithium battery is connected with the charge and discharge treatment device and stores excessive electric energy. The novel multifunctional fence disclosed by the invention can automatically provide an intelligent fence power supply when a power supply does not exist; safety fence prompt and warning functions are performed in time; and moreover, the fence can be rapidly assembled, and canbe detached according to reversed operations during assembling.