{"id":8080,"date":"2024-06-01T08:26:32","date_gmt":"2024-06-01T06:26:32","guid":{"rendered":"https:\/\/shams-alyaoum.com\/en\/?p=8080"},"modified":"2024-06-01T08:26:32","modified_gmt":"2024-06-01T06:26:32","slug":"bihar-partners-with-bidgely-to-reduce-energy-theft-and-revenue-leakage-through-ai-powered-data-analytics","status":"publish","type":"post","link":"https:\/\/shams-alyaoum.com\/en\/bihar-partners-with-bidgely-to-reduce-energy-theft-and-revenue-leakage-through-ai-powered-data-analytics\/","title":{"rendered":"Bihar Partners with Bidgely to Reduce Energy Theft and Revenue Leakage Through AI-Powered Data Analytics"},"content":{"rendered":"<p class=\"bwalignc\"><i>Combination of AI and smart meter data accurately detects tariff misuse, direct theft, meter tampering and other non-technical loss<\/i><\/p>\n<div class=\"content  content-justify \">\n<p>&#8211; <a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bsphcl.co.in%2F&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=Bihar+State+Power+Holding+Company+Limited&amp;index=1&amp;md5=0f6414f4ec6b83ee44fed54c00dea608\" rel=\"nofollow\" shape=\"rect\">Bihar State Power Holding Company Limited<\/a>\u00a0(BSPHCL) has adopted Bidgely\u2019s artificial intelligence (AI)-powered\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bidgely.com%2Fsolutions%2Fenergy-theft-detection%2F%3Futm_campaign%3D2024-05-31-Bihar-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dtheft-detection-page&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=Energy+Theft+Solution&amp;index=2&amp;md5=3386ae0035aa8d7e12496a0ce56aad80\" rel=\"nofollow\" shape=\"rect\">Energy Theft Solution<\/a>\u00a0to enhance the discom\u2019s energy theft detection and revenue leakage prevention strategies.<\/p>\n<p>Bidgely\u2019s AI technology, which analyzes smart meter data to flag anomalous behaviors and patterns in consumer energy usage, has already flagged over 136 potential cases of theft. All cases were inspected and an assessment was raised in almost 63 percent of the tariff misuse cases. In meter bypassing and night theft, while 51 percent of leads were found correct, successful bookings were made in 41 percent of the flagged cases. Overall, 57 percent 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.<\/p>\n<p>\u201cInvesting in smart meters was the first step in modernizing our understanding of energy consumption. Next we are leveraging AI\/ML data analytics 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. 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,\u201d said Sanjeev Hans, CMD at Bihar State Power Holding Company Limited.<\/p>\n<p>Rather than identifying theft top down from feeder to transformer and finally to customer level, Bidgely\u2019s 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 \u2013 therefore ensuring revenue protection. 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.<\/p>\n<p>Bidgely first demonstrated its Energy Theft Solution at India\u2019s\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20220822005062%2Fen%2FBidgely-Selected-as-the-Technology-Service-Provider-for-Energy-Theft-Solution-By-Ministry-of-Power-Gol-in-%25E2%2580%2598Powerthon-2022%25E2%2580%2599&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=Powerthon+2022&amp;index=3&amp;md5=00f849c5cb47b02c603cfb00fe128aac\" rel=\"nofollow\" shape=\"rect\">Powerthon 2022<\/a>, a hackathon competition organized by the Ministry of Power, GoI, REC Ltd., and SINE incubation lab of IIT Bombay. Bidgely\u2019s 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.<\/p>\n<p>\u201cEnergy theft accounts for nearly 20 to 30 percent revenue loss for India\u2019s state utilities, yet current strategies to plug leakages and book theft only yield on average 10 to 20 percent results,\u201d said Abhay Gupta, CEO of Bidgely. \u201cInstead of solely relying on local intelligence and on-site inspections, BSPHCL can now leverage AI technologies to detect energy theft faster and with greater precision. In addition to revenue savings, the saved labor hours can also drive enhanced services for consumers.\u201d<\/p>\n<p>To learn more about Bidgely\u2019s Energy Theft Solution for detecting energy misuse and enhancing management of internal processes, visit\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bidgely.com%2Fsolutions%2Fenergy-theft-detection%2F%3Futm_campaign%3D2024-05-31-Bihar-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dtheft-detection-page&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=bidgely.com%2Fsolutions%2Fenergy-theft-detection%2F&amp;index=4&amp;md5=c8968973abea18e03619c343eba9d9db\" rel=\"nofollow\" shape=\"rect\">bidgely.com\/solutions\/energy-theft-detection\/<\/a>.<\/p>\n<p><b>About Bidgely<\/b><\/p>\n<p>Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely&#8217;s UtilityAI\u2122 Platform transforms multiple dimensions of customer data &#8211; such as energy consumption, demographics, and interactions &#8211; into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely\u2019s UtilityAI\u2122 energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bidgely.com%3Futm_campaign%3D10-04-23-SPGEA23-Avista-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dblog%26utm_campaign%3D2024-05-21-CSO-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dbidgely-home%26utm_campaign%3D2024-05-31-Bihar-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dbidgely-home&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=www.bidgely.com&amp;index=5&amp;md5=7c12553f921936a06cb054392ed5e8e5\" rel=\"nofollow\" shape=\"rect\">www.bidgely.com<\/a>\u00a0or the Bidgely blog at\u00a0<a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bidgely.com%2Fblog%3Futm_campaign%3D10-04-23-SPGEA23-Avista-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dblog%26utm_campaign%3D2024-05-21-CSO-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dbidgely-blog%26utm_campaign%3D2024-05-31-Bihar-PR%26utm_medium%3Dpr%26utm_source%3Dbusinesswire%26utm_content%3Dbidgely-blog&amp;esheet=54023756&amp;newsitemid=20240531936620&amp;lan=en-US&amp;anchor=bidgely.com%2Fblog&amp;index=6&amp;md5=0dbfa7a48bd59645971ea648ad9446bb\" rel=\"nofollow\" shape=\"rect\">bidgely.com\/blog<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com:\u00a0<\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20240531936620\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20240531936620\/en\/<\/a><\/span><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Combination of AI and smart meter data accurately detects tariff misuse, direct theft, meter tampering and other non-technical loss &#8211; Bihar State Power Holding Company Limited\u00a0(BSPHCL) has adopted Bidgely\u2019s artificial intelligence (AI)-powered\u00a0Energy Theft Solution\u00a0to enhance the discom\u2019s energy theft detection and revenue leakage prevention strategies. Bidgely\u2019s AI technology, which analyzes smart meter data to flag &hellip;<\/p>\n","protected":false},"author":1,"featured_media":8081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,19],"tags":[],"class_list":["post-8080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-hi-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bihar Partners with Bidgely to Reduce Energy Theft and Revenue Leakage Through AI-Powered Data Analytics - Magazine Shams Al Yaoum<\/title>\n<meta name=\"description\" content=\"Combination of AI and smart meter data accurately detects tariff misuse, direct theft, meter tampering and other non-technical loss - Bihar State Power\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shams-alyaoum.com\/en\/bihar-partners-with-bidgely-to-reduce-energy-theft-and-revenue-leakage-through-ai-powered-data-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bihar Partners with Bidgely to Reduce Energy Theft and Revenue Leakage Through AI-Powered Data Analytics - 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