An energy KPI or metric is an efficient and transparent way to supervise, analyze and optimize any kind of energy relevant process. Mostly these performance indicators are used by energy suppliers as well as manufacturers that need energy as a key input in their production process.
Here is the complete list of the most important energy KPIs and metrics, that we will discuss in this article in every detail:
The first of our energy metrics measures the number of time your facility suffers a power outage, and how much time it represents at the end of the month. Power outages are not a bad thing when they are planned for maintenance work for instance, which is highly important for the care of your systems and ensuring a performing activity in the long run. When power cuts come as a surprise though, it is important to have measures in place capable to quickly respond to it and restore the well-functioning state. If unplanned power cuts happen on a regular basis, it might translate a need for more maintenance and care, or an equipment that becomes too old to operate properly and needs replacement.Performance Indicators
Identify the root causes of power cuts and the response time you need, so as to understand what goes wrong and anticipate better.Relevant Showcase Dashboard
As an energy provider, tracking the evolution of consumption by sector helps you understand who your main consumers are and therefore provide an adequate answer to their needs. The energy required by big industrial plants is not delivered in the same way as for suburban households, who do not consume the same amount either. Breaking down the consumption by sector is a best practice to know which area uses the most energy, and through which you may adapt your production and delivery accordingly. This energy KPI will give you the vision you need to plan out and prioritize the production, storage and transport of energy, as well as the staffing needs to do so.Performance Indicators
Evaluate the consumption per sector over time, so as to identify a trend of consumption and be able to predict future needs more accurately.Relevant Showcase Dashboard
The Operating Cash Flow represents the amount of cash a company generates on normal business operations, less taxation and interest paid. It does not take into account investments and other income that is non-cash and/or non-sales related. It focuses on the inflows and outflows of a business’s main activities (selling or purchasing inventory, paying salaries, etc). This financial energy metric will tell you if a company is able to create enough cash to sustain and grow their operations. It is often considered to give a clearer picture of the reality of business operations, as it strips away many accounting effects. For instance, even if some big sales have been done, struggling to have them paid does not bring a positive financial benefit to the company.Performance Indicators
Monitor you cash flow closely, and make projections regularly so as to keep your business out of trouble financially.Relevant Showcase Dashboard
The production costs represent the net present value of the unit-cost of electricity of a certain energy source. It is often referred to as “LCOE”, the levelized cost of electricity. To calculate the LCOE, you need to divide the average total costs to build and operate a power-generating facility over its lifetime, by the total electricity production over that lifetime. It represents the average minimum cost at which electricity must be sold, so as to balance the costs with profits. The cost is typically given in kilowatt-hour (kWh), and assists researchers, policymakers, or companies in decision-making and in choosing which energy source they use according to their price and technology needs. However, such calculation doesn’t include other cost factors or externalities such as health damage by coal plants, CO2 emissions impacting climate, ocean acidification, etc.Performance Indicators
The LCOE is a good indicator to evaluate the long-term costs of an asset. Renewables like wind or solar might not be cheap to build, but they have less unpredictable future costs in comparison to atomic plants.Relevant Showcase Dashboard
This energy KPI represents the percentage of time a plant is able to operate. For a nuclear powerplant with 90% availability, it means that only 10% of its time is off for maintenance or downtime. Comparing various plants availability can allow to identify weaknesses or problematic equipment – but the plants have to be similar in production (solar compared to solar, wind to wind, etc). Comparing plants availability between distinct categories only makes sense if other metrics like the amount of production and the costs are analyzed alongside. Likewise, the availability factor shouldn’t be mistaken with the capacity factor, that measures the output of a plant.Performance Indicators
Identify the root causes of unavailability to reduce them. That way, you will increase the number of operating hours and thus the time of potential energy production.Relevant Showcase Dashboard
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The production distribution is the process through which power – electricity or gas – is delivered to end users (domestic and industrial consumers). Whether you are a company producing and transporting energy, or solely a distribution network operator (DNO), you want to know in which quantity the various types of energy are distributed to consumers. It is one of the energy metrics that is highly linked to consumer behaviour. The production distribution as in our KPI example aside lets you evaluate the type of energy your company provides the most: coal, nuclear, renewable, petroleum? By analyzing the distribution amount for the different energy types, and thus the consumers’ demand, you may adapt your offer and supply accordingly.Performance Indicators
Monitoring the production distribution lets you ensure the provision of a reliable power supply to the consumers by anticipating better their demand.Relevant Showcase Dashboard
This is one of the most important energy metrics when it comes to evaluating the efficiency of a building or a plant facility. Calculated as a percentage, it is the ratio between the actual energy production and the theoretical production, over a certain time period. The difference between the two comes from the losses caused by different factors: reduced ventilation and conduction, solar input, extra internal heat, water systems, etc. This is a quality indicator, that enables you to compare the energy output of your various assets in order to know which of them generates the better returns. Monitored with real-time data, it also allows you to spot any problem in the production and take immediate action.Performance Indicators
Track your performance ratio over time to see its fluctuation, and compare it with your industry average to see if you are on track with it.Relevant Showcase Dashboard
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