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In this paper, the stability of load frequency control (LFC) for delayed power systems with an electric vehicle (EV) aggregator is studied based on Lyapunov theory and linear matrix inequalities (LMIs). Through mechanism analysis, the LFC of power systems with an EV aggregator based on a proportional–integral–differential (PID) controller is modeled. By constructing a delay interval information correlation functional and estimating its derivative using Wirtinger inequality and extended reciprocally convex matrix inequality, a new stability analysis criterion is proposed. Finally, in order to verify its advantage, the proposed method is used to discuss the influence of EV aggregator gains and PID controller gains on the delay margins for LFC of power systems with EV aggregator participation in frequency regulation.