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This work describes a secondary control scheme of a series reactive compensator for a power system based on a single voltage-source pulse-width-modulated (PWM) inverter. The controllable capacitive reactance can be used as a supplementary control variable for the secondary (external) controller (SC) of a series capacitive reactance compensator to improve the dynamic transient and damping performances of the power system. From the viewpoint of agent-based global dynamic optimization of a system, the selection and use of suitable input signals for the SC are investigated. Detailed simulation results show that the SC with local feedback loop (LFL) has a powerful control performance; however, it requires the controllable compensation for a reference change due to different operating conditions. On the other hand, the SC with global feedback loop (GFL) avoids the need of reference compensation; moreover, its dynamic control performance is improved when the dual inputs (frequency and active power signal) are used, compared to when only the frequency is used as an input signal.