This work evaluates the influence of a new controlled voltage regulator on the current and voltage non-sinusoidality in different sections of a power supply system during smooth (discrete) voltage regulation on the high-voltage side of a shop transformer. The MatLab software application was used to develop a block-modular model for a transformer substation with the proposed controlled voltage regulator and measurement modules. The developed model was used to investigate the current and voltage non-sinusoidality in different parts of a power supply system when stabilizing the voltage at the consumer end at a given level. The study was carried out using a shop transformer with a capacity of 1 MV∙A and a voltage of 6/0.4 kV under an active-inductive character of the load with the load current phase angle of φ=45 deg. The obtained results confirm that, due to the extended functional capabilities of the proposed technical solution, the voltage at consumers is maintained at a given level under high technical and economic performance. When the network voltage is reduced by 5% and the activeinductive load current is increased by 35%, the proposed device was shown to create voltage non-sinusoidality. The voltage non-sinusoidality value does not exceed the permissible domestic and international norms. In addition, the proposed device is capable of maintaining the voltage at the consumer end at a given level. The obtained integral characteristic of voltage stabilization shows that the application of the proposed technical solution instead of the existing mechanical voltage regulator of the “switching without excitation” type allows the nominal voltage at the busbar of the switchgear to be retained. Further research will investigate voltage stabilization at consumers with simultaneous compensation of reactive power for complex improvement of technical and economic indicators of power supply systems under the conditions of unstable supply voltage and load current.