Contingency analysis is significant for power system protection. Internal component failures or external causes such as lightning and equipment overloading can cause power system contingencies. Multiple outage scenarios are crucial in today’s deregulated environment for how the transmission network is utilized. The transmission network is highly pressured due to rising load demand and the need to operate economically. Contingency analysis of an IEEE 30 bus system is provided in this article utilizing Matpower software, which includes the source code. Matlab and Matpower are suggested as platforms for developing a screening process that examines the severity of each non-islanding branch failure, generator outage, MVA, and voltage violation. The generator terminal voltages will be permitted to fluctuate between 0.95 per unit and 1.05 per unit, as specified in the case30 input data files, to provide a broader practical zone. The performance index (PI) value is generated by adding the apparent performance index and the voltage performance index to rank the severity of the line outages. For the extreme contingency situation, a load flow study was performed. The four most severe scenarios, generator 22, generator 13, generator outage 23, and branch outage 28, should be constantly monitored to keep the electrical system safe.