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This paper investigates an optimal methodology for mitigating low-frequency oscillation concerns in power systems. The study explores the synergistic integration of a power system stabilizer (PSS) and a flexible alternating current transmission system (FACTS) to formulate an intelligent controller. A comprehensive analysis encompasses various PSS design strategies, including lead-lag (LL), proportional-derivative-integral (PID), and fractional-order proportional-integral-derivative (FOPID) controllers. The FACTS device selected for this investigation is a static VAR compensator (SVC), highlighting the exceptional efficacy of FOPID-based PSS over alternative strategies with a power oscillation damper. The study extends its scope to encompass a comparative assessment of two distinct optimization algorithms: the moth flame optimization (MFO) and the antlion optimization (ALO). The research is conducted using a single-machine infinite bus power system (SMIB) as the case study platform. A total of four diverse test scenarios are executed under varying operating conditions. The evaluation of the developed method employs six distinct performance indices to investigate the developed controller thoroughly. The outcomes reveal that the MFO-optimized FOPID-PSS and SVC controller outperforms other control schemes. This optimized configuration demonstrates substantial improvements across all performance indices. These findings underscore the superior capabilities of the proposed approach in enhancing power system stability and performance. [ABSTRACT FROM AUTHOR]