The document discusses a novel series compensation scheme using a thyristor-controlled series capacitor (TCSC) and a static synchronous compensator (STATCOM) to enhance power system dynamics and mitigate low-frequency oscillations in electric utilities. The effectiveness of the hybrid single-phase TCSC scheme is evaluated through simulations under various network conditions, demonstrating improved damping performance compared to traditional fixed capacitor compensation. The findings indicate that optimizing the ratio of TCSC to fixed capacitor compensation significantly improves transient stability and reliability of the power system.