This paper discusses improving the dynamic performance of a hydrothermal power system utilizing Static Synchronous Series Compensator (SSSC) and Superconducting Magnetic Energy Storage (SMES) under load following conditions. Simulation results indicate that incorporating SSSC alongside SMES significantly enhances system stability compared to using SMES alone, highlighting improvements in settling time, overshoot, and peak time. The study aims to model these devices effectively within a two-area system framework to address challenges in load frequency control in deregulated power markets.