A power supply system includes a first controller that, controls an MG1 inverter, a second controller that controls an MG2 inverter, and a voltage sensor that detects a voltage generated from a pair of output terminals. The first controller controls the MG1 inverter according to a target value of the voltage generated from the output terminals, irrespective of the magnitude of a deviation between the target value of the voltage generated from the output terminals, and the detected voltage. The second controller controls the MG2 inverter according to the deviation. This processing is implemented by an effective value computing unit, effective value PI control unit, and a neutral point output voltage command unit.