When considering deployment of wave energy converters at a given site, it is of prime importance from both a technical and an economical point of view to accurately assess the total yearly energy that can be extracted by the given device. Especially, to be considered is the assessment of the efficiency of the device over the widest span of the sea-states spectral bandwidth. Hence, the aim of this study is to assess the biases and errors introduced on extracted power classically computed using spectral data derived from analytical functions such as a JONSWAP spectrum, compared to the power derived using actual wave spectra obtained from a spectral hindcast database.