The deployment of variable renewable energy based power plants is increasing all over the world, however, unlike conventional power plants these are mostly connected to the grid via power electronic interfaces. High penetration of power electronic interfaced generation (PEIG) has an important impact on the inertia of the system, which is of major concern for frequency and large disturbance rotor angle (transient) stability. Therefore, it is desirable to study the effectiveness of widely used approaches to assess the stability of a system with high penetration of PEIG. This paper concerns with the modelling and control aspects of a power system for the evaluation of the most widely used metrics (indicators) to assess the dynamics of the power system related to frequency and rotor angle stability. The functionalities of Python are used to automate the generation of operational scenarios, the execution of time domain simulations, and the extraction of signal records to compute the aforesaid indicators. The paper also provides a discussion about possible improvements in the application of these indicators in monitoring tasks.