A power regenerative converter includes: a power conversion unit configured to convert AC power supplied from an AC power supply into DC power and convert DC power into AC power to be supplied as regenerative electric power to the AC power supply; an LCL filter including a reactor unit having a plurality of reactors connected in series between the power conversion unit and the AC power supply, and capacitors each having one end connected to a series connection point of the reactors in the reactor unit; a drive control unit for controlling the power conversion unit based on an AC voltage command; and a voltage command compensation unit for calculating a compensation value in accordance with a capacitor voltage being a voltage at the series connection point of the reactors and adding the compensation value to the AC voltage command input to the drive control unit.