Compact dynamic Phase Angle Regulators (CD-PARs) are provided. A Compact Dynamic Phase Angle Regulator (CD-PAR) is a stand-alone device that regulates phase angle through a single transformer. A CD-PAR has no external energy source, uses low-rating devices, and can be isolated from a fault in the grid. A CD-PAR may be implemented in a single-phase or in a three-phase configuration, but the operation of a CD-PAR cross-couples all three phases. A CD-PAR controls both the real and the reactive power flow between two AC sources having the same frequency by inserting a voltage with controllable magnitude and phase. A CD-PAR may be implemented in either a buck configuration or a boost configuration.