This document presents an overview of reactive power compensation. It defines reactive power compensation as managing reactive power to improve AC system performance. There are two main aspects: load compensation to increase power factor and voltage regulation, and voltage support to decrease voltage fluctuations. Several methods of reactive power compensation are discussed, including shunt compensation using capacitors and reactors, series compensation, static VAR compensators (SVCs), static compensators (STATCOMs), and synchronous condensers. SVC and STATCOM technologies are compared, with STATCOMs having advantages of smaller components, better control, and transient response.