Current control methods include hardware control and software control corresponding to the inherent unbalance problem of neutral point voltage in three level NPC inverter. The hardware control is rarely used due to its high cost. In this paper, a new compound control method has been presented based on the vector method of virtual space and traditional hysteresis control of neutral point voltage, which can make up the shortcoming of the virtual control without the feedback control system of neutral point voltage and the blind area of hysteresis control and control the deviation and wave of neutral point voltage. The accuracy of this method has been demonstrated by simulation.