A power supply system includes a plurality of electrical storage devices, a distributor configured to distribute electric power between the plurality of electrical storage devices in a desired distribution mode, and an electronic control unit. The electronic control unit configured to (i) set the desired distribution mode based on at least one of a magnitude relation between first rates of change in dischargeable power of the corresponding electrical storage device to a charge state value indicating a remaining level of charge of the corresponding electrical storage device, or a magnitude relation between second rates of change in chargeable power of the corresponding electrical storage device to the charge state value, and (ii) control the distributor such that electric power is distributed in the set distribution mode.