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This paper presents an adaptive wide-area control strategy based on energy function. The proposed method enhances the post-fault oscillation damping capability of Static Var Compensators (SVC) by incorporating load dynamics in the wide-area controller design that adapts to load variations. The load dynamics are obtained using Phasor Measurement Units (PMU) through load power and voltage data measurements, which are used to estimate a Moving Average (MA) dynamic load model. The obtained load model is then integrated into the wide-area controller to obtain the required SVC supplementary control action which modulates the load power in response to a disturbance based on inter-area dynamics obtained by employing a nonlinear Kalman filter and PMU measurements. The performance of the proposed strategy is evaluated on the simplified 14 generator model of the southeast Australian power system by using composite load models comprised of induction motor loads of various sizes and combinations. The obtained results show significant improvements in the system stability when the proposed control strategy is applied.