Based on a non-linear system model, an adaptive control methodology is presented for a parallel AC/DC power system by means of on-line recursive parameter identifications. Taking the advantage of rapid power regulatiing ability of the DC power system and combining with the generalized minimum variance self-tuning control principles, the dynamic qualities of the controlled system has been greatly improved. Using SISO form makes the control system very simple to implement. Through the design, simulation and analysis of the self-tuning control system for a practical example, it shows that the self-tuning control strategy is very promising for AC/DC power systems.