This paper validates and presents the efficiency and performance of Synchronous Reference Frame (SRF) control as a mitigating control in managing risks of high volatility of electric current flows from the wind turbine generator to the distributed load. High volatility/fluctuations of electricity (high current, voltage disturbance) and frequency are hazards that can trip off or, in extreme cases, burn down a whole wind turbine generator. An advanced control scheme is used to control a Voltage Source Converter (VSC)-based three-phase induction generator with a Battery Energy Storage System (BESS). For the purpose of risk mitigation of harmonics, this scheme converts three-phase input quantity to two-phase Direct Current (DC) quantity (dq) so that the reactive power compensation decreases the harmonics level. Thus, no other analog filters are required to produce the reconstructed signal of fundamental frequency. In this paper, the values of Proportional Integral (PI) regulators are calculated through the “MONTE CARLO” optimization tool. Furthermore, risk analysis is carried out using bowtie, risk matrix and ALARP (as low as reasonably practicable) methods, which is the novelty based on the parametric study of this research work. The results reveal that by inducting proposed SRF control into the Wind Energy Conversion System (WECS), the risks of high fluctuations and disturbances in signals are reduced to an acceptable level as per the standards of IEEE 519-2014 and EN 50160. The proposed work is validated through running simulations in MATLAB/Simulink with and without controls.