Economic dispatch (ED) problems, especially in multi-area power networks, have been challenging concerns for power system operators for several decades. In this paper, we introduce a novel approach for solving the multiobjective multi-area dynamic ED (MADED) problem in the presence of practical constraints such as valve-point effect (VPE), prohibited operating zone (POZ), multi-fuel operation (MFO), and ramp rate (RR) limitations. Different objective functions including energy not supplied (ENS), generation costs, and emissions are investigated. The reliability objective, which has been less studied in economic dispatch area, distinguishes the proposed study from other studies. A compromise has been made from economic and reliability points of view. The MADED problem in the power system is inherently a complex and nonlinear problem, considering the operational constraint increments and the intricacy of the problem. Hence, the modified grasshopper optimization (MGO) algorithm based on a chaos mechanism is presented to prevent being trapped in local optima. The proposed method is tested on two systems including a 10 unit, 3-zone test system and a 40-unit 3-zone test system, and then, the outcomes are compared with those of other evolutionary techniques such as gray wolf optimization (GWO) and modified honey bee mating optimization (MHBMO). The simulation results demonstrate that the suggested strategy is successful in resolving both single-objective and multiobjective MADED problems.