Grey Wolf Optimizer (GWO) is a recently developed meta-heuristic search algorithm inspired by grey wolves (Canis lupus), which simulate the social stratum and hunting mechanism of grey wolves in nature and based on three main steps of hunting: searching for prey, encircling prey and attacking prey. This paper presents the application of GWO algorithm for the solution of nonconvex and dynamic economic load dispatch problem (ELDP) of electric power system. The performance of GWO is tested for ELDP of small-, medium-and largescale power systems, and the results are verified by a comparative study with lambda iteration method, Particle Swarm Optimization algorithm, Genetic Algorithm, Biogeography-Based Optimization, Differential Evolution algorithm, pattern search algorithm, NN-EPSO, FEP, CEP, IFEP and MFEP. Comparative results show that the GWO algorithm is able to provide very competitive results compared to other well-known conventional, heuristics and meta-heuristics search algorithms.