<![CDATA[Nowadays, there is a significant rise in electricity demand, posing challenges for power grid operators due to inaccurate forecasting, leading to excessive power losses and voltage instability. This paper addresses these issues by focusing on solving optimal reactive power dispatch (ORPD) while considering load demand uncertainty. The main objective of solving ORPD is to reduce power losses by adjusting generator voltage ratings, transformer tap ratio, and shunt capacitors' reactive power. Monte Carlo simulation (MCS) is employed to generate load scenarios using the normal probability density function, while a reduction-based technique is implemented to decrease the number of those scenarios. The improved gray wolf optimization (I-GWO) algorithm is introduced for the first time to address the stochastic ORPD problem. Experimentation is conducted on an IEEE-30 bus system when results are contrasted with conventional gray wolf optimization (GWO) and five other algorithms as stated in the literature. The I-GWO algorithm's performance is assessed with and without considering load demand uncertainty. Through Friedman's statistical tests, a significant decrease of 20.96% in active power losses and 63.06% in the summation of expected power losses is observed. The I-GWO algorithm's results on the ORPD problem demonstrate its effectiveness and robustness.]]>
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