With the change in the wind profile, the speed of doubly fed induction generator (DFIG) of wind energy conversion system (WECS) changes from super synchronous to sub synchronous range and vice versa. DFIG is operated to generate quality power; hence, power at rotor side is controlled using matrix converter taking power from grid and feeding back power to the grid depending on the wind profile. Input voltage required to be fed to the rotor side of DFIG is always changing and depends on the speed of the available wind. During the operation when power is fed from grid to rotor of DFIG, a high-voltage stress continues across the switches of power electronic converter (PEC). In existing topologies of the matrix converter used with the DFIG in WECS, the constant voltage stress at the power electronic switch (PES) is available which causes the higher losses across the switch. This also causes common mode voltage (CMV) which leads to the over voltage stress. This may cause winding insulation damage and bearing failure of the DFIG. Furthermore, higher dv/dt of CMV raises the leakage current which causes the thermal stress and electromagnetic noise to the equipments installed near the matrix converter. In this paper, the work done is focused on the mitigation of operational losses in matrix converter fed doubly fed induction generator for wind energy conversion system. The overall loss in the matrix converter and mitigation of common mode voltage is achieved, which improves the overall efficiency and the performance of the wind energy conversion system.