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This new book presents a deep review of various power theories and shows how the instantaneous active and reactive power theory provides an important basic knowledge for understanding and designing active filters for power conditioning. The book consists of six chapters covering the following topics and more: instantaneous power theory; shunt active filters; hybrid and series active filters; and combined series and shunt power conditioners. The book is easy to read and each chapter ends with a summary and list of references. The book perfectly fills the gap on the power electronics book market. It is an extremely attractive reference book for research and development engineers who are interested in design of modern active power filters and conditioners as well as flexible ac transmission systems. It can also be recommended for advanced senior-level courses as well as for undergraduate courses.