Coal, petroleum and natural gas will still be the basis of economic development for a long time. However, with a rapider consumption speed, these fossil fuels will be exhausted in the near future. In addition, the usage of these fossil fuels can also cause environmental pollution and greenhouse effect. To deal with energy security and environmental crisis, it is wise to work towards three directions: energy saving and emission reduction, energy recovery, exploration of new renewable energy. Currently, the electricity generation technology using piezoelectric material to recover the compressional or vibrational energy begins to draw attention. However, most of the researches are devoted to designing small self-powered devices. This paper presents an overview of the feasibility of piezoelectric power generation system for electric power system, in which the fundamentals of piezoelectric power generation and the feasible structure of the system are discussed.