Compendium of 51 Most Useful KPIs for the Energy Sector
These KPIs provide insights into various aspects of the energy industry, including efficiency, environmental impact, safety, and financial performance.
1. Average Energy Demand: The average amount of energy required over a specific period.
2. Baseload Capacity: The minimum amount of power generation capacity needed to meet continuous, minimum demand.
3. Capacity Factor (for Power Generation): The ratio of actual energy output to the maximum possible output over a specific period.
4. Carbon Intensity: The amount of carbon emissions produced per unit of energy generated.
5. Cash Operating Costs per Barrel (or BOE): The direct operational costs associated with producing a barrel of oil or its energy equivalent.
6. Cycle Time: The time it takes to complete a specific process or cycle, often relevant in energy production or exploration.
7. Days Away, Restricted or Transferred (DART) Rate: The rate of occupational injuries and illnesses that result in days away from work, restricted work, or job transfer.
8. Decline Curve Analysis: A method used to estimate the decline in production rates of oil and gas fields over time.
9. Distributed Generation Capacity: The amount of electricity-generating capacity located near the point of use, often in decentralized systems.
10. Drilling Success Rate: The percentage of wells drilled that successfully produce the desired resources.
11. Emission Rates: The amount of pollutants or greenhouse gases emitted per unit of energy produced.
12. Energy Efficiency Ratio (EER): The ratio of useful energy output to the energy input in a system.
13. Energy Intensity (for Energy Efficiency): The amount of energy consumed per unit of economic output.
14. Energy Per Customer: The average amount of energy consumed by each customer.
15. Energy Return on Investment (EROI): The ratio of the amount of usable energy acquired from a particular energy resource to the amount of energy expended to obtain that energy.
16. Finding and Development (F&D) Cost: The cost associated with finding and developing new energy reserves.
17. Fuel Cost per MMBtu: The cost of fuel per million British thermal units (MMBtu) of energy produced.
18. Fuel Efficiency Rate: The efficiency of fuel utilization in a system or process.
19. Full Cycle Costs: The total costs associated with the exploration, development, and production of energy resources.
20. Gas/Oil Ratio (GOR): The ratio of the volume of gas produced to the volume of oil produced.
21. Grid Reliability (SAIDI and SAIFI): System Average Interruption Duration Index (SAIDI) and System Average Interruption Frequency Index (SAIFI) measure the reliability of the power grid.
22. Heat Rate (for Power Generation): The amount of energy input required per unit of electrical output in a power plant.
23. Levelized Cost of Energy (LCOE): The per-unit cost of building and operating a generating plant over an assumed financial life and duty cycle.
24. Liquids vs. Gas Ratio: The ratio of liquid hydrocarbons to natural gas produced.
25. Load Factor (for Utilities): The ratio of the average load to the peak load over a specific period.
26. Lost Time Injury Frequency Rate (LTIFR): The frequency of lost time injuries per unit of work hours.
27. Megawatts (MW) Installed/Under Management: The total installed or managed capacity of energy generation in megawatts.
28. Net Energy Metering (NEM) Customers: The number of customers participating in net energy metering programs.
29. O&M Costs per MWh: Operations and maintenance costs per megawatt-hour of energy produced.
30. Operating Netback: The revenue received per unit of production after deducting operating expenses.
31. Operational Efficiency: The effectiveness of energy operations in achieving desired outcomes.
32. Pipeline Capacity Utilization: The percentage of a pipeline's capacity that is actually being used.
33. Planned Outage Factor: The percentage of scheduled downtime in relation to total available time.
34. Plant Availability Factor: The percentage of time a power plant is available to generate electricity.
35. Plant Load Factor (PLF): The ratio of the actual output of a power plant to its maximum potential output over a period.
36. Processing Gain/Loss: The difference between the input and output of a processing system, often in the oil and gas industry.
37. Proven Reserves: The estimated quantity of energy resources that can be recovered with reasonable certainty.
38. Prudhoe Bay Royalty Trust (PBR): A financial instrument representing ownership in the Prudhoe Bay oil field.
39. Refining Capacity: The total amount of crude oil a refinery can process in a given time.
40. Refining Complexity Index: A measure of the complexity of a refinery's operations.
41. Renewable Portfolio Standards (RPS) Compliance: The extent to which an energy provider meets regulatory requirements for renewable energy generation.
42. Reserve Life Index (RLI): The number of years an entity's current proven reserves can sustain production at current levels.
43. Reserve Replacement Ratio (RRR): The ratio of newly discovered reserves to the amount of reserves produced.
44. Reserve-to-Production Ratio (R/P): The ratio of remaining reserves to current production rates.
45. Return on Capital Employed (ROCE) in Upstream Operations: The profitability of capital investments in upstream (exploration and production) operations.
46. Solar Panel Efficiency: The efficiency of converting sunlight into electricity by solar panels.
47. Spillage Rate: The rate at which spills or leaks occur in energy production or transportation.
48. Total Recordable Incident Rate (TRIR): The rate of all injuries, illnesses, and incidents recorded in a given period.
49. Unplanned Outages: Instances when energy generation or distribution unexpectedly goes offline.
50. Water Usage Efficiency: The efficiency of water usage in energy production.
51. Wind Turbine Capacity Factor: The ratio of actual energy output from a wind turbine to its maximum potential output.
