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A model predictive current control (MPCC) method that does not employ a cost function is proposed. The MPCC method can decrease common-mode voltages in loads fed by three-phase voltage-source inverters. Only non-zero-voltage vectors are considered as finite control elements to regulate load currents and decrease common-mode voltages. Furthermore, the three-phase future reference voltage vector is calculated on the basis of an inverse dynamics model, and the location of the one-step future voltage vector is determined at every sampling period. Given this location, a non-zero optimal future voltage vector is directly determined without repeatedly calculating the cost values obtained by each voltage vector through a cost function. Without utilizing the zero-voltage vectors, the proposed MPCC method can restrict the common-mode voltage within ± Vdc/6, whereas the common-mode voltages of the conventional MPCC method vary within ± Vdc/2. The performance of the proposed method with the reduced common-mode voltage and no cost function is evaluated in terms of the total harmonic distortions and current errors of the load currents. Simulation and experimental results are presented to verify the effectiveness of the proposed method operated without a cost function, which can reduce the common-mode voltage. [ABSTRACT FROM AUTHOR]