A method of transmitting data may include receiving feedback information that includes effective channel bandwidths, signal-to-noise ratios (SNRs) associated with multiple optical channels on an optical link, and individual SNRs associated with subcarriers on each optical channel. The method may include determining multiple subcarrier power allocation schemes based on the feedback information. Each subcarrier power allocation scheme may be associated with a corresponding optical channel from the multiple optical channels and may be configured to allocate a signal power among subcarriers configured to transmit on the corresponding optical channel. The method may include determining, based on the feedback information, an optical power allocation scheme configured to allocate an optical power among the multiple optical channels. The method may include transmitting data on the multiple optical channels based on the multiple subcarrier power allocation schemes and the optical power allocation scheme.