The control method for a flow battery includes acquiring a current electrolyte capacity decay rate of the flow battery; comparing the current electrolyte capacity decay rate with a first preset decay rate and a second preset decay rate; when the current electrolyte capacity decay rate is greater than the first preset decay rate and less than the second preset decay rate, adjusting a liquid level of positive electrolyte and a liquid level of negative electrolyte, such that a difference between these two liquid levels is less than a preset value, a ratio of the total amount of vanadium in the positive electrolyte to the total amount of vanadium in the negative electrolyte remains in a first preset ratio range, or a ratio of a vanadium ion concentration in the positive electrolyte to a vanadium ion concentration in the negative electrolyte remains in a second preset ratio range.