A method and standards of shareable operational reserve reliability evaluation for multi-area power networks are proposed. The method is based on the real-time operational information collected from the energy management system(EMS). Such random factors as the constraints of tie-lines, the status of on-line generations, loss of network elements, load fluctuations are considered in the evaluation model. The reliability of each area and the whole power system are evaluated separately. The results of shareable operational reserve reliability of the East China power grid show that the proposed evaluation standards can reflect the real-time reliability of power grid more accurately and evaluate the contribution of each area.