An electromagnetic braking system includes an electrically conductive disc coupled to a rotatable shaft of a power generation system. The rotatable shaft is operatively coupled to a prime mover and a generator. The electromagnetic braking system further includes an inducting unit for applying an electromagnetic braking torque on the electrically conductive disc when commanded by a control signal and a controller for receiving an activation signal from an activating unit, receiving a rotational signal from a rotational sensor coupled to the rotatable shaft or the generator, determining a control signal when the rotational signal is outside of a threshold, and, when the activation signal is active and the rotational signal is outside of the threshold, sending the control signal to the inducting unit to regulate a rotational dynamic of the rotatable shaft.