Reducing energy consumption in belt conveyor systems is critical to improving the overall energy efficiency of lignite mining operations. This study presents a theoretical and empirical analysis of energy use in overburden and coal conveyors, with a focus on balancing the relationship between belt speed and load. Building on the theory of conveyor motion resistance, the Energy Consumption Index (WskZE)—previously introduced by the authors—is revisited as a function of two key variables: belt speed (v) and real-time material flow rate (Qr). Empirical validation was conducted using operational data from variable-speed conveyors in the Konin lignite mine and compared to similar-length conveyors in the Belchatów mine. In Konin, tests were performed under two operational scenarios: (i) constant belt speed with varying excavator output, and (ii) constant output with varying belt speed. The results confirm that WskZE is linearly dependent on belt speed and inversely proportional to throughput, as predicted by theoretical models. However, findings also show that lowering belt speed—while effective in reducing energy use—results in a higher proportion of power being consumed to move the belt and heavy idlers, especially when these components are sized for peak loads. The study suggests a revised conveyor design philosophy (a new paradigm) that emphasizes maximizing the mass ratio of transported material to moving components. Additionally, it recommends integrating real-time monitoring of energy performance indicators into mine control systems to enable energy-aware operational decisions.