The present invention discloses an optical power equilibrium method and apparatus. The method includes: configuring a liquid crystal on silicon LCOS as a blazed grating pattern whose phase periodically changes, where each period includes three grating segments, a pixel quantity in each period does not change, and a second grating segment is located between a first grating segment and a third grating segment; monitoring power of wavelength signals in a WDM signal, where the WDM signal includes a first wavelength signal; and reducing a phase modulation depth and a pixel quantity of the second grating segment in each period at a first location if power of the first wavelength signal is greater than preset target power, so that the power of the first wavelength signal is the same as the target power, where the first location is a location at which the first wavelength signal is incident to the LCOS.