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A novel single-phase pulsewidth modulation (PWM) direct ac–ac converter based on two-level nondifferential dual-buck ac chopper legs with inverting and noninverting operations is first proposed in this article. It has the ability to resolve both voltage sag and swell problems at the same time when used as distributed flexible voltage conditioner. Compared to the traditional ac–ac converter, it has much enhanced system reliability thanks to no shoot-through problems even when all switches of each ac chopper legs are turned on, and therefore, the PWM dead time is not needed leading to improve the utilization of the duty cycles. Only half of the switches in the proposed converter is switched at high frequency during a switching period at most, which significantly reduces the total switching loss. In particularly, the converter has two greatest advantages that it retains the common sharing ground of the input and output and has the same buck/boost operation process for noninverting and inverting modes. In order to fully testify the performance of the proposed converter, a 500-W experimental prototype is built and tested at different conditions. [ABSTRACT FROM AUTHOR]