An energy saving type feeder voltage compensation apparatus improved in availability at low temperatures, wherein when a electric energy storage apparatus is lower in temperature than a predetermined value, an output voltage output to a feeder side is made equal to or higher than a no-load output voltage of a substation connected in parallel. Power is supplied to a power running rolling stock preferentially from the electric energy storage apparatus. The heating value of the secondary battery is increased and the battery temperature is raised by this discharging, whereby internal resistance of the electric energy storage apparatus is lowered, and the charging and discharging loss is suppressed, and the efficiency and availability of the energy saving type feeder voltage compensation apparatus as a whole are improved.