With the rapid development of power industry, the number of substations is also increasing, and the voltage level is also higher and higher, and the types of equipment are diverse. The detection of equipment fault signal in substation is an important part to ensure the normal operation of electric power. Only timely detection of fault signal and corresponding processing can ensure the overall operation of substation. But the fault signal often contains a lot of white noise, which will interfere with our judgment of the fault point. How to extract the effective signal from the noisy signal becomes particularly important, but under different signal-to-noise ratio, the selection of different wavelet basis and threshold estimation also have a great impact on the noise reduction effect. In this paper, we choose different wavelet bases and threshold estimation under several different signal-to-noise ratios to study their influence on the effect of signal denoising.