A power distribution system based on the Internet of Things relates to the field of power distribution systems, and aims to solve a waste of electrical energy caused by the lack of reasonable power distribution in the prior art. The power distribution system based on the Internet of Things includes a power acquisition unit, a power splitter, a processor, and a monitoring terminal. The power acquisition unit is configured to acquire the power consumption information of each user terminal in any area in real time. The processor is configured to establish a power consumption model based on the acquired power consumption information of each user terminal, estimate the power consumption in the area in the next period of time by the power consumption model, and allocate the total power to the area based on the estimated power consumption. The power splitter is configured to allocate the total power to the respective user terminals in proportion to the number of user terminals in the area andthe power consumption of each user terminal in the previous period of time. The monitoring terminal is configured to receive the power allocated to each user terminal and display the power. The powerdistribution syste used for the rational distribution of the electrical energy.