The invention discloses a novel electric system reactive power compensation system. The novel electric system reactive power compensation system comprises a sampling detection circuit, an intelligent terminal, a compensation controller, a switching control circuit and a reactive compensation unit. The input end of the sampling detection circuit is connected with a three-phase power grid. The output end of the sampling detection circuit is connected with an intelligent terminal. The intelligent terminal is connected with the compensation controller. The compensation controller is connected with the switching control circuit. The switching control circuit is connected with the reactive compensation unit. According to current sampling detection in a sampling detection circuit power grid, the switching control circuit is controlled according to a detection result, a capacitor is switched on or switched off according to certain rules, reactive compensation is performed on the three-phase power grid, automatic real-time compensation for reactive power is achieved, the power supply voltage quality is improved, and the problem that due to the fact that other two-phase under-compensation or over-compensation is caused by existing current single-phase sampling detection, voltage fluctuations of rear-end electric consumption are caused is solved.