Being inches from the rapid development of new energy technology, the capacity of high-power power electronic equipment is increasing rapidly, and the requirements for its safe and reliable operation are also rising. As a result, the demand for online temperature monitoring of such equipment is becoming increasingly urgent. RFID temperature measurement technology can be used for real-time monitoring of the temperature of powered operation equipment. However, the operation of high-power electronic equipment generates strong electromagnetic interference, which can seriously affect the normal operation of RFID temperature measurement systems. For applications involving the internal temperature measurement of high-power power electronic equipment, this paper employs an RFID anti-metal temperature tag antenna with a short-circuit cutoff structure. This structure was tested in an excitation switchgear cabinet. During the low-power operation of the cabinet, the temperature tag functioned normally. By combining an RFID antenna model with an electromagnetic interference simulation model of the main circuit of the excitation switchgear cabinet, this paper establishes an electromagnetic interference simulation model for an RFID temperature tag. It analyzes how the tag’s antenna performance parameters change when subjected to interference. Through simulation, the failure mechanism of the RFID temperature tag during the high-power operation of the excitation switchgear cabinet is clarified. The analysis found that there are both conductive electromagnetic interference and radiated electromagnetic interference in the excitation switchgear cabinet, with the conductive electromagnetic interference having a more significant effect. Conductive electromagnetic interference can seriously impact the performance of RFID temperature tags in the excitation switchgear cabinet, significantly degrading their performance. In contrast, the effect of radiated electromagnetic interference on the tags is relatively small. Therefore, this paper employs anti-metal RFID temperature tags and simulates and analyzes their electromagnetic interference characteristics.