The paper investigates the dynamic operation of novel control scheme for both Static Synchronous Compensator (STATCOM) and Static Synchronous Series Compensator (SSSC) based on a new full model comprising a 48-pulse Gate Turn-Off thyristor voltage source converter for combined reactive power compensation and voltage stabilization of the electric grid network. The complete digital simulation of the STATCOM and SSSC within the power system is performed in the MATLAB/Simulink environment using the

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... Power System Blockset (PSB). The STATCOM scheme and the electric grid network are modeled by specific electric blocks from the power system blockset, while the control system is modeled using Simulink. Two novel controllers for the STATCOM and SSSC are presented in this paper based on a decoupled current control strategy. The performance of both STATCOM and SSSC schemes connected to the 230-kV grid are evaluated. The proposed novel control schemes for the STATCOM and SSSC are fully validated by digital simulation. Index Terms-48-pulse Gate Turn-Off (GTO) thyristor model STATCOM, novel decoupled control strategy, reactive compensation, Static Synchronous Series Compensator (SSSC), voltage stabilization.