The paper presents an analysis of power losses in a three-phase T-type neutral point clamped converter with insulated gate bipolar transistors. The paper’s main aim is to perform a detailed analysis of power losses in the converter operating as an active power filter. The study is based on the use of characteristics of semiconductor devices provided by the manufacturer in the module datasheet. Thanks to the analysis, it is possible to recognise the value of power losses, which facilitates the design of the converter cooling system. Identifying how power losses are distributed between the module switching devices is also possible. Power losses are shown as functions of the output current and module temperature. The analysis results were successfully verified by measuring power losses using a laboratory model of the converter with rated currents of 10 and 20 A. The obtained results indicate relatively low power losses and a relatively even distribution of power losses between the semiconductor devices. This is a superior feature of the three-level T-type neutral point clamped converter topology.