The invention discloses a hybrid type unified power quality conditioner with a short circuiting current limiting function. The single control on one phase cannot be realized by the three-phase and three-wire or three-phase and four-wire type unified power quality conditioner. The hybrid type unified power quality conditioner comprises a parallel current converter, three single-phase H bridge inverters with short circuiting current limiting functions, and a three-phase serial transformer, wherein the direct current sides of the three single-phase H bridge inverters with the short circuiting current limiting functions are connected with a direct current bus of the parallel current converter in parallel, and the alternating current sides of the three single-phase H bridge inverters with short circuiting current limiting functions are respectively connected with a secondary side of the three-phase serial transformer; each single-phase H bridge inverter with the short circuiting current limiting function is formed by serially connecting an H bridge inverter and the alternating current side of an H bridge current limiter, and the direct current side of each H bridge current limiter comprises a short circuiting current releasing circuit. The hybrid type unified power quality conditioner has the advantages that the three-phase independent control of the serial side is realized, and the zero-sequence component can be outputted; when the single-phase or two-phase short circuiting fault occurs, the non-fault phase can continue to run, and the exiting of the whole conditioner is not needed.