A method for controlling voltage of a DC link of a power converter of an electrical power system connected to a power grid includes operating the DC link to an optimum voltage set point that achieves steady state operation of the power converter. The method also includes monitoring the power grid for one or more transient events that may be an indicator of one or more sub-synchronous control interaction (SSCI) conditions occurring in the electrical power system. Upon detection of the transient event(s) occurring in the power grid, the method also includes immediately increasing the optimum voltage set point to a higher voltage set point of the DC link. Moreover, the method includes operating the DC link at the higher voltage set point until the sub-synchronous control interaction(s) is damped, thereby optimizing voltage control of the DC link.