The primary goal of Multi-Area Economic Dispatch (MAED) is to effectively meet the dynamic power demands of multiple interconnected regions while optimizing the economical generation dispatch strategy. This paper introduces a comprehensive investigation into the application of two advanced optimization techniques, namely Dynamically Controlled Particle Swarm Optimization (DCPSO) and thereafter Grey Wolf Optimizer (GWO), and their variant adaptations to address the complex challenges posed by MAED issue. The performance and efficacy of these strategies are rigorously assessed in three distinct scenarios: (a) Single-Area Power System with Three Generation Units: This scenario represents a fundamental single-area power network comprising three generation units. (b) Two-Area System with Four Generating Units: In this case, a two-area system with four generating units is analyzed. (c) Four-Area System with Forty Generation Units and Six Tie Lines. In the most intricate scenario, a four-area interconnected power system is scrutinized, featuring a total of forty generation units. GWO technique produces the cost saving of $ 0.1 for single area, 2 area cost saving is $ 0.11 likewise for 4 area the cost saving is $ 474.10 over the PSO. The execution time taken by GWO is 12.7 sec. less compared to DPSO.
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