Ferroresonance in power networks is a dangerous phenomenon, which may result in overcurrents and overvoltages, causing damage to power equipment and the faulty operation of protection systems. For this reason, the possibility of the occurrence of ferroresonance has to be identified, and adequate methods need to be incorporated to eliminate or reduce its effects. The aim of this paper is to evaluate the effectiveness of ferroresonance damping in auxiliary power systems of high-voltage substations by selected damping devices. Laboratory experiments, the results of which created bases for the development of models of selected damping devices, are presented. These models were used to simulate the effectiveness of ferroresonance damping in an auxiliary power system of a 220/110 kV substation in the EMTP-ATP program. The analyses showed that control systems with different algorithms of operation are used in damping devices. This knowledge is important when selecting parameters and settings of the applied damping devices for a given network and the disturbances in it. The presented research results have proved the effectiveness of commercially available damping devices, provided their parameters are correctly coordinated with the settings of the power system protection.