The optimal reactive power dispatch (ORPD) problem represents a noncontinuous, nonlinear, highly constrained optimization problem that has recently attracted wide research investigation. This paper presents a new hybridization technique for solving the ORPD problem based on the integration of particle swarm optimization (PSO) with artificial physics optimization (APO). This hybridized algorithm is tested and verified on the IEEE 30, IEEE 57, and IEEE 118 bus test systems to solve both single and multiobjective ORPD problems, considering three main aspects. These aspects include active power loss minimization, voltage deviation minimization, and voltage stability improvement. The results prove that the algorithm is effective and displays great consistency and robustness in solving both the single and multiobjective functions while improving the convergence performance of the PSO. It also shows superiority when compared with results obtained from previously reported literature for solving the ORPD problem.