This paper describes a step-down AC voltage regulator using an AC chopper and auxiliary transformer, which is a series connected to the main input. The detail design of the AC regulator, logic and PWM pattern of the AC chopper is described and the three-phase AC regulator using two single­phase AC choppers with a three transformer configuration is proposed for three-phase application. The proposed three-phase system has the advantages of lower system cost due to reduced switch number and gate driver circuit as well as advantages of decreased size and weight because it uses a series compensated scheme. The proposed AC regulator has many benefits such as fast voltage control, high efficiency and simple control logic. Experimental results indicate that it can be used as a step-down AC voltage regulator for power saving purposes very efficiently.