An electro-optical modulator and a method for biasing a Mach-Zehnder modulator. The inventive modulator includes a layer of material at least partially transparent to electromagnetic energy. A first conductive layer is disposed on a first surface of the layer of at least partially transparent material. A second conductive layer is disposed on a second surface of the layer of at least partially transparent material. A layer of insulating material is disposed on the second conductive layer and a third conductive layer is disposed on the layer of insulating material. In the illustrative application, the modulator is a Mach-Zehnder modulator. A biasing potential is applied to the second conductive layer of the modulator and a modulating voltage is applied across the first and the third conductive layers.