Multi-tap and multi-capacitors type arc suppression coils are commonly used in distribution systems. Due to their low compensation accuracy and limited arc suppression capability, it is hardly to avoid personal safety accidents and wildfires absolutely. In this paper, a novel single-phase grounding fault voltage full compensation topology based on antiphase transformer is proposed, which is composed by an antiphase transformer, a phase-selection switch and a multi-tap single-phase voltage regulator. The proposed topology can control the neutral point voltage, thus cause the fault voltage being zero. By this way, the lack of arc suppression coil is overcome. The novel compensation topology features low costs, high precision of fault voltage compensation. The principle of the novel compensation topology is explained. The mathematical expressions of residual voltage and current are derived in detail. Finally, the simulation model and experimental platform were built. The results show that the proposed novel compensation topology can effectively make up for the shortcomings of traditional arc suppression coils when it is used with them.