The increase in demand for electricity is allowing electricity firms to deal with the day to day challenges, such as decreasing costs, environmental dangers, and risks. Electricity generation indicators, in this regard, help in pointing out and examining in great detail critical measures that will improve the various processes involved in the generation of electricity.

The organizations involved in electricity delivery work with the ultimate goal of bringing the pieces of supportive infrastructures into play to supply uninterrupted power supply at very low costs. Increasing the customers' trust in companies to do what is expected of them regarding operations, such as cutting down the incidences of power interruptions and decreasing congestion through proper electricity load management, are only some of the regular tasks that the electricity delivery companies need to carry out.

On the account of key performance indicators, they can be broadly organized under four major viewpoints: reliability, financial and collection, operations, and employee.

The reliability viewpoint tackles the operational reliability of the company that delivers electricity supply. It accommodates performance indicators in the form of the System Average Interruption Frequency Index or SAIFI, the System Average Duration Frequency Index or SADFI, the public lighting's burning rate, and the number of clients to whom sustained power interruptions have been totally erased.

The financial and collection standpoint also takes into account performance indicators, such as the percentage improvement in the collections taken, the percentage decrease in debts acquired during the 30-day period, the percentage reduction in unallocated operations, and the percentage of revenues spend on technologies of advanced distribution automation and electrical equipment.

The operations standpoint supplies a background of the electricity delivery company's operation process. It consists of key performance indicators, such as the percentage increase in subsidized electric connections in the household, efficiency of the metering system, the percentage reduction of the number of inquiries and negative feedback calls received, and the percentage of the household connections in comparison to that of commercial connections.

The perspective on employees consists of key performance indicators like lost time injury severity rate, lost time injury frequency rate, regular training time required per employee, and the number of conferences held for the areas on health and safety. This standpoint assures each of the employees that there is safety in the process and that there will hopefully be no accidental hazards occurring during work.

It goes without saying that electricity production is an unwieldy task that requires a huge capital investment and human resources in order for the humongous electricity plants to run as expected. As a result of the large scale funding required for this job, accountability climbs in a parallel manner as well. Needless to say that with these given opportunities, the stakeholders interested with this area are more than interested to know about the organization state's well-being.

Electricity generation management in this business needs to be as clean as can be to make sure that the residents are receiving their fair share of supply in an uninterrupted manner. To take in all these areas of findings, the need to ask help from electricity generation indicators should be incorporated. This measurable way of thinking adopted by this perspective is what helps in winning over all the other tracking mechanisms.

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Author: Sam Miller
Article Source: EzineArticles.com
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