Neutral‐point‐clamped (NPC) three‐level converter has been widely used in wind power generation systems. However, traditional NPC three‐level converter often suffers excessive voltage fluctuation at the neutral point of DC‐link capacitors. This problem may leads to switching devices damage and increases additional harmonics in output voltage of the converter. To solve this problem, a compensating scheme based on a current compensation method is proposed. The results show that the proposed scheme can alleviate considerably voltage fluctuation. Consequently, it is effective and can also enhance the reliability of the converter.