A series compensation device suitable to double-circuit lines is disclosed. The device includes one series transformer and one converter. One converter and dual-circuit transmission lines are respectively connected to three windings of one series transformer. In the solution provided in the present application, the device can be independently installed in a power transmission system to be used as a static synchronous series compensator, and can also be used as a component of a unified power flow controller, a convertible static compensator, an interline power flow controller and a unified power quality conditioner to be connected to a power transmission system device in series. The device can save the capacity of a converter, improve the application efficiency of the series compensation device, and reduce the cost and area occupation.