The frequency support capacity of power loads is essential for maintaining active power symmetry and balance between the generation and demand sides of power systems. As the proportion of renewable energy sources and power electronic equipment increases, the inertia on the power generation side decreases, highlighting the growing importance of frequency support on the load side. As it is generally believed that the active power balance of power systems determines the frequency stability, few studies have considered the effect of voltage variation on the frequency response dynamics. It is important to note that the node voltage keeps fluctuating throughout the frequency dynamic process, which affects the active power of loads and should not be neglected. Based on the aforementioned rationales, this paper endeavors to investigate the modeling of power load frequency response and analyze its support capability considering the voltage variation effect. This paper initially establishes the small-signal model of dynamic load under frequency dynamics, derives the transfer function relating active power to system frequency deviation, and subsequently develops its frequency response model. Subsequently, commencing with the ZIP model of static load, the power fluctuation of load nodes is derived from the influence of preceding nodes, and the frequency response model of the static load is formulated and its frequency support capacity is scrutinized. Based on this foundation, a comprehensive aggregation model of the complex load is constructed, and its frequency support capability is assessed using actual data. Finally, the proposed model and analysis results are validated through simulation, confirming their correctness and effectiveness.