It is proposed that the existence and nature of a planetary dynamo can be characterized by a dimensionless number @ F,R/eA2P, called the energy flux number, where F , is the energy flux available for dynamo generation, R is the core radius (or thickness of the dynamo generating region), e is the fluid density, A is the magnetic diffusivity and sd is the angular velocity. For @ 5 I, there is no dynamo. For I 5 @ 5 102.5 there is an "energy-limited dynamo", in which F , is insufficient to enable the dynamo to reach the dynamically desirable state A = B2/8neMZ -I, where B is a typical field amplitude (in Gauss).