This article presents material based on the results of the analysis of literature sources on automatic devices for regulating reactive power in power supply systems. The operating mode of the compensating devices is determined taking into account the permissible voltage deviations at the terminals of the electric power receivers. Voltage, load current, reactive power directions, power factor, phase angle between the supply voltage and load current, and time can be used as control parameters. In addition, the article provides information regarding the performance of the developed circuits of contactless devices and verification of the experimental study of the operation of installations with their use. Also presented is material on the experimental study of a prototype of a contactless switching device for automatic power control of capacitor banks in various operating modes. Summarizing the results of experimental studies of a new device for automatic power control of capacitor banks, it can be stated that it fully meets the requirements for such devices and can ensure reliable operation of the power supply network with an appropriate power factor.