Hans says Bidgely to unlock value of AI/ML driven data analytics for Bihar
Bihar State Power Holding Company Limited (BSPHCL) https://bsphcl.co.in/ has adopted California and Bangalore-based Bidgely’s artificial intelligence (AI)-powered Energy Theft Solution to enhance the discom’s energy theft detection and revenue leakage prevention strategies https://www.ibef.org/ .
Bidgely’s AI technology https://www.bidgely.com/ , which analyzes smart meter data to flag anomalous behaviors and patterns in consumer energy usage, has already flagged over 136 potential cases of theft http://powermin.nic.in.
All cases were inspected and an assessment was raised in almost 63% of the tariff misuse cases https://attentionindia.com/ . In meter bypassing and night theft, while 51% of leads were found correct, successful bookings were made in 41% of the flagged cases https://digitalinasia.com/ .
Overall, 57% were booked, all within just one month of usage. BSPHCL is also the first state utility in India to utilize advanced AI to mitigate theft-related and commercial losses https://www.bseindia.com/ .
“Investing in smart meters was the first step in modernizing our understanding of energy consumption https://www.iea.org/ ,” said Sanjeev Hans, CMD at Bihar State Power Holding Company Limited.
“Next, we are leveraging AI/ML data analytics https://www.ibef.org/ that will take us to the next level to drive various use cases leveraging smart meter data like revenue leakage, demand forecasting, energy accounting, distribution network planning for grid assets and more, without depending on additional monitoring hardware or consumer indexing https://powermin.gov.in/ .
“This is where we are partnering with solution providers like Bidgely to deliver revenue leakage solutions and unlock the value of AI/ML driven data analytics for Bihar https://www.opec.org/opec_web/en/ ,” he said on 31 May.
Rather than identifying theft top down from feeder to transformer and finally to customer level, Bidgely’s AI can process data at the individual level at a faster pace to reveal anomalous patterns consistent with partial or complete meter bypassing, bypassing of heavy appliances like air conditioning, night theft, meter tampering and tariff misuse – therefore ensuring revenue protection https://www.nseindia.com/ .
Where traditional approaches to theft detection also require massive amounts of manual intervention, AI takes on that role to detect leakages in a fraction of the time https://www.cii.in/ .
Bidgely first demonstrated its Energy Theft Solution at India’s Powerthon 2022, a hackathon competition organized by the Ministry of Power, http://recindia.nic.in REC Ltd http://niti.gov.in and SINE incubation lab of IIT Bombay https://www.siemens.com/global/en.html .
Bidgely’s targeted approach will now help Bihar achieve greater loss reduction by reducing dependence on correct consumer indexing while simultaneously equipping field officers with pinpointed leads https://www.ge.com/ .
“Energy theft accounts for nearly 20 to 30 percent revenue loss for India’s state utilities, yet current strategies to plug leakages and book theft only yield on average 10% to 20% results,” said Abhay Gupta, CEO of Bidgely https://www.aseanmne.com/tenaga-expo/ .
“Instead of solely relying on local intelligence and on-site inspections, BSPHCL can now leverage AI technologies to detect energy https://mnre.gov.in/national-green-hydrogen-mission/ theft faster and with greater precision. In addition to revenue savings, the saved labor hours can also drive enhanced services for consumers.”
Bidgely is an AI-powered SaaS Companyhttps://www.bengalurutechsummit.com/ accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Fiinews.com
