A power compensation apparatus compensates for power of a power system to be allowed to transmit from at least one or more power sources to a load. The power compensation apparatus includes a first system connected to the power system to compensate for active power and reactive power of the power system, a second system connected to the first system to store power necessary for compensating for active power and reactive power, and a third system connected to the second system to generate the power to be stored in the second system.