This paper proposes a novel SVPWM ( space vector pulse width modulation) strategy for the three-level neutral-point-clamped voltage source inverter, based on the particular disposition of all the redundant voltage vectors. The new modulation approach shows superior performance for harmonic voltage and balancing control of neutral-point potential compared to the popular eight-stage centered SVPWM. It realizes suppression of inverter neutral-point potential variation by accurately modifying redundant factor of small vectorspairs, only requiring information of DC-link capacitor voltages and three-phase load currents. This is convenient to apply and is compatible of digital computer realization. Feasibility of the proposed control approach is verified by simulation and experimental results.