A new Fuzzy Differential Evolution (FDE) algorithm is proposed for solving multiobjective optimal power flow with FACTS devices. This new optimization technique combines the advantages of Weighted Additive Fuzzy Goal Programming (WAFGP) and Differential Evolution (DE) in enhancing the capacity, stability, and security of the power system. As the weights used in WAFGP would have a significant impact on the operational and economical enhancements achieved in the optimization, they are optimized using evolutionary DE algorithm. This provides a way for exploring a balanced solution for a multiobjective problem without sacrificing any individual objective’s uniqueness and priority. The multiple objectives considered are maximizing the loadability condition of the power system with minimum system real power loss and minimum installation cost of the FACTS devices. Indian utility Neyveli Thermal Power Station (NTPS) 23 bus system is used to test the proposed algorithm using multiple FACTS devices. The results compared with that of DE based fuzzy goal programming (FGP) demonstrates that DE based WAFGP algorithm not only provides a balanced optimal solution for all objectives but also provides the best economical solution.