This manuscript proposes a hybrid technique for determining the optimal positioning of phasor measurement units (PMUs) in power systems. The PMUs play a crucial role in power system control, wide-area monitoring, and protection. The proposed hybrid method is the joint execution of the Lichtenberg algorithm (LA) and the heap-based optimization (HBO) technique. Hence, it is named the LA-HBO technique. The objective of the proposed method is to place the PMUs in the power system for observability. The goal is to enhance the efficiency and accuracy of PMU placement, ensuring optimal positioning for improved grid monitoring capabilities. The Lichtenberg Algorithm (LA) enhances PMU placement by addressing system observability challenges and ensuring that selected locations provide comprehensive coverage of the power grid. The heap-based approach optimizes PMU placement by efficiently managing the selection process, considering factors like computational efficiency and scalability. The proposed hybrid technique is implemented in IEEE-30 and -14 bus systems. The MATLAB-based simulation results are compared with the various existing methods, such as Sea Lion Optimization (SLO), Particle Swarm Optimization (PSO), and Ant Bee Colony Optimization (ABC). By then, the outcome reveals the efficacy of the proposed method for defining the optimum PMU locations. The proposed method shows a low computational time of 0.02348 sec for the IEEE-14 bus, and 0.03565 sec for the IEEE-30 bus compared with other existing methods.