This paper presents a steady-state analysis of a novel single-phase self-regulated self-excited induction generator which employs a three-phase machine, Performance equations are derived using the method of symmetrical components, while the pattern search method of Hooke and Jeeves is used for the determination of the machine variables. The advantages of the generator include simple circuit configuration, small voltage regulation, good phase balance, and large power output, With an appropriate choice of the series and shunt capacitances, a nearly balanced operating condition can be obtained for a certain load, The theoretical analysis is validated by experiments performed on a small induction machine.