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Summary form only given. The recently proposed phase imbalanced series capacitive compensation concept has been shown to be effective in enhancing power system dynamics as it has the potential of damping power swing as well as subsynchronous resonance oscillations. In this paper, a comparative effectiveness of two “hybrid” series capacitive compensation schemes in damping inter-area oscillations is evaluated. A hybrid scheme is a series capacitive compensation scheme, where two phases are compensated by fixed series capacitor (C) and the third phase is compensated by either a TCSC or SSSC in series with a fixed capacitor (Cc). The effectiveness of both schemes in damping inter-area oscillations for various network conditions, namely different system faults and tie-line power flows is evaluated using the EMTP-RV time simulation program.