Deaerator is one of the most important equipment for steady state and dynamic operation of power plants. The deaerator energy storage utilization process is one of the most essential ways to enhance the variable load rate of power plants. The purpose of this study is to improve the dynamic simulation performance of the deaerator during unit load changes by constructing a more reasonable deaerator model, aiming to provide guidance for practical operations. In this paper, a thermal mass microelement algorithm is proposed for the heat transfer between droplets and steam in the deaerator, followed by segmental modeling of the deaerator. By comparing with the operation data of a power plant, the steady state operation error of the deaerator model is within 0.6 %. Subsequently, the unit load variation process is simulated and the dynamic variation accuracy of the model proposed in this paper is enhanced by 1–2 % compared to the lumped parameter model. The dynamic characteristics of the deaerator are obtained by simulating the step and ramp changes of the deaerator boundary conditions and the deaerator start-up process. In addition, during the simulation of condensate throttling, the maximum power of the unit using the deaerator model in this paper is 0.2–1.5 MW larger than that of the lumped parameter model.