A study of the power balance of the semiconductor voltage regulator on an active load with phase control by two-operation thyristors was carried out. The suitability of its use for simultaneous obtaining of the reactive power resource for distribution electric networks has been confirmed. According to the concept of intelligent electrical networks, such devices belong to the class of flexible alternating current transmission systems, and they can be the basis for building virtual energy sources. The power components for individual components of the regulator, including the thyristor block, were studied. The spectral method of describing currents and voltages at the regulator sections is applied. The obtained results of theoretical studies were confirmed by an example with numerical calculations, which made it possible to clarify the physical essence of energy transformations during voltage regulation. Bibl. 8, fig. 3.