The invention belongs to the technical field of power system communication, and particularly relates to a power communication network routing method for joint balance of load traffic and service risks. In terms of load traffic balancing, the link channel occupancy condition and the node traffic admission condition are considered in the power communication network routing method provided by the invention, and then a load weight function of the link is designed; in terms of service risk balancing, modelling is performed on the availability of an optical fiber link of a power communication network, and then a balancing strategy considering the service priority and the service risks that the link has carried is designed; and finally, a balancing factor is introduced to construct a link cost function that comprehensively considers the load and the risks so as to achieve the joint balance of the carrying capacity and the service risks. According to the power communication network routing method provided by the invention, the balancing factor can be adjusted according to the importance of the service, the network blocking rate and the service risks of the network can be reduced at the same time, the link load traffic and the risk value are balanced, and finally the network reaches the optimal performance.