A system for controlling a hybrid power generation plant is provided. The system is programmed to receive current conditions at the plurality of power generating assets including a first asset type and a second asset type, determine a forecast for a period of time based at least in part on the current conditions, determine that a first asset of the first asset type of the plurality of power generating assets has an available uprate margin for production of a first amount of active power, determine that a second asset of the second asset type of the plurality of power generating assets has capacity to generate a second amount of reactive power, instruct the first asset to reduce production of reactive power by the second amount and increase production of active power by the first amount, and instruct the second asset to increase production of reactive power by the second amount.