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Load modeling has significant impact on power system studies. This paper presents a review on load modeling and identification techniques. Load models can be classified into two broad categories: 1) static and 2) dynamic models, while there are two types of approaches to identify model parameters: 1) measurement-based and 2) component-based. Load modeling has received more attention in recent years because of the renewable integration, demand-side management, and smart metering devices. However, the commonly used load models are outdated, and cannot represent emerging loads. There is a need to systematically review existing load modeling techniques and suggest future research directions to meet the increasing interests from industry and academia. In this paper, we provide a thorough survey on the academic research progress and industry practices, and highlight existing issues and new …