The modular multilevel converter (MMC) is attractive for medium- and high-power applications because of its high modularity, availability, and power quality. In this paper, the current ripple on the dc link of the three-phase MMC derived from the phase-shifted carrier-based pulse-width modulation scheme is analyzed. A control strategy is proposed for the current ripple elimination. Through the regulation of the phase-shifted angles of the carrier waves in the three phases of the MMC, the current ripple on the dc link of the three-phase MMC can be effectively eliminated. Simulations and experimental studies of the MMC were conducted, and the results confirm the effectiveness of the proposed current ripple elimination control.