Power generation stabilization control systems and methods include monitoring a frequency of the power grid. In response to detecting a frequency event occurring in the power grid, the method includes activating a control scheme in order to meet one or more grid requirements of the power grid. The control scheme includes increasing a power output of the wind turbine to, at least, a pre-event measured grid power. Further, the control scheme includes calculating a power correction factor for a power set point as a function of, at least, the frequency event. Moreover, the control scheme includes adjusting the power set point via the power correction factor such that the power output follows a predetermined trajectory. In addition, the control scheme includes controlling, via a turbine controller, the wind turbine based on the adjusted power set point for as long as the control scheme is activated.