With the wide application of non-linear loads and the large-scale access of distributed energy generations based on power electronics equipments, power quality problems in the distribution network are increasingly serious with new characteristics. Further in-depth research is of great significance in theory and practice. This paper provides an overview of power quality analysis, compensators, and control technologies under the new situation of smart grid. It focuses on the topologies and control methods for power quality conditioners, especially new characteristics of power quality and applicable control technologies in microgrids and distributed power plants. Finally, trends and prospects of power quality control technology are introduced, which is important to achieve security and efficient operation of the smart grid.