Embodiments disclose using a pairing or pairings of terminals in a DC power system including a plurality of terminals to implement power oscillation damping (POD), where the DC power system is connectable to at least one AC power system. The active and/or reactive power of the terminals in the pairing may be controlled or modulated in a similar manner such that no power imbalance in the DC power system is created. For example, POD may be implemented by means of active and/or reactive power modulation by pairing two terminals in the DC power system) such that their active and/or reactive powers are controlled or modulated in the same or substantially the same manner or identically but with the opposite sign.