The economic load dispatch (ELD) problem is an optimization problem of minimizing the total fuel cost of generators while satisfying power balance constraints, operating capacity limits, ramp-rate limits and prohibited operating zones. In this paper, a novel multi-population based chaotic JAYA algorithm (MP-CJAYA) is proposed to solve the ELD problem by applying the multi-population method (MP) and chaotic optimization algorithm (COA) on the original JAYA algorithm to guarantee the best solution of the problem. MP-CJAYA is a modified version where the total population is divided into a certain number of sub-populations to control the exploration and exploitation rates, at the same time a chaos perturbation is implemented on each sub-population during every iteration to keep on searching for the global optima. The proposed MP-CJAYA has been adopted to ELD cases and the results obtained have been compared with other well-known algorithms reported in the literature. The comparisons have indicated that MP-CJAYA outperforms all the other algorithms, achieving the best performance in all the cases, which indicates that MP-CJAYA is a promising alternative approach for solving ELD problems.