In this paper, a new DC offset elimination filter is proposed for an accurate phasor extraction of fundamental frequency component. The proposed method can eliminate a DC offset component which is decayed exponentially. The proposed method uses only one cycle of data for phasor extraction computation, which does not need to preset the time constant of the DC offset component. Also, the other advantages of the proposed method is that gain compensation or phase compensation is not required after filtering. Simulations using ATP were performed to evaluate the performance of the proposed filter method, and the results were compared to the ones obtained by conventional methods.