The invention discloses a control system for a low-voltage compensation device of a ferroalloy submerged arc furnace. The control system comprises the components of a control panel, a master control computer, a PLC, an APF controller, a compensation instruction generator, an ammeter, a power factor transmitter, a voltmeter, a thermometer, a thermistor, a current transformer, a submerged arc furnace transformer, a voltage transformer, a cooling fan, compensation capacitors, a relay and an optoelectronic isolator. The control system for the low-voltage compensation device is advantageous in that stable connection and simple operation in use are realized; the control system can detect various parameter data in the submerged arc furnace in real time; real-time compensation is performed through controlling by the control system; dynamic compensation is realized; the control system has two compensation capacitors; relatively quick response to a compensation object is realized; furthermore continuous compensation power adjustment can be realized; the APF controller has relatively high real-time controlling performance and can satisfy requirements of digital signal processing and system controlling. The control system further has advantages of improving compensation control precision, realizing high stability in operation, and obtaining high suitability for popularization.