Bangalore, Karnataka, India:
The brainchild of data scientists at its Bangalore Engineering Center, this Bidgely solution reaffirms its commitment to Atmanirbhar Bharat by solving the country’s energy theft problem. The Indian government has been quick to adopt smart meters and the solution unleashes AI-powered insights from meter data.
Bidgely was selected by REC Ltd(Previously Rural Electrification Company), a commitment from the Government of India to participate in the Ministry of Energy, GoI Technology Incubation Challenge Powerthon 2022, which was organized in collaboration with SINE Incubation Lab at IIT Bombay. From 200 applicants and 18 ultimate technology solution vendors chosen to participate, Bidgely was the only vendor selected for energy theft detection in support of the national Revamped Distribution Sector Scheme (RDSS) program to reduce losses across the India up to 15% by 2025.
Bidgely just launched Energy theft solution will demonstrate how AI-powered data analytics can detect and address energy misuse issues in India during a 4-month engagement with a utility. Meanwhile, Bidgely is working with a major central Indian utility – in conjunction with the World Bank – to further prove use cases for theft detection analytics.
“High levels of technical and commercial energy losses are a major financial concern for utilities – with 22 percent distributed energy is not accounted for – and energy theft is a major contributor. As India rolls out hundreds of millions of smart meters by 2030, leveraging artificial intelligence and machine learning capabilities for this new wave of energy data will be key to supporting the goals of the Ministry of Energy. said Sh R Lakshmanan, CEO of REC Power. Development and Consultancy Limited, a wholly owned subsidiary of REC Limited.
With 17 patents and more than 40 global energy customers, Bidgely extends its energy analytics expertise to the Powerthon 2022 Energy Theft Challenge in India – enabling utilities to not only understand energy loss precisely and accurately, but also how to prevent further losses.
“Bidgely is acutely aware of the challenges in the Indian energy market through its engagement with key stakeholders and with much of our workforce operating in the region, including our data science and research and development,” said Gautam Aggarwal., Chief Revenue Officer of Bidgely. “We are thrilled to be able to demonstrate the power of intelligence behind the meter to improve billing efficiency for Discoms in India.”
Bidgely Energy Theft Solution
Based on industry-leading, non-intrusive load monitoring technology and advanced data analytics, Bidgely’s energy theft solution disaggregates customers’ energy consumption down to the device level . The information generated from this data is used to identify usage patterns over a period of time and detect anomalies associated with high probability flight trends. Bidgely’s solution addresses three specific energy theft use cases:
- Misuse of tariffs – when a customer’s type of electricity use is mischaracterized and an incorrect lower tariff is applied, Bidgely accurately distinguishes between residential behavior and commercial behavior as well as a transition between the two.
- Counter tampering – Bidgely leverages available energy consumption patterns, technical parameters and smart meter events to identify premises where the meter itself has been tampered with.
- Direct flight – in cases where the meter is exceeded partially or completely to prevent consumption from being recorded, Bidgely identifies which devices are running and when to determine if the behavior is abnormal.
REC Ltd. is a public sector company with a strong presence in the financing of generation, transmission and distribution projects. REC supports the Ministry of Energy, State Governments and Implementing Agencies in planning, facilitation and coordination, to ensure the timely completion of the Government of India’s flagship programs viz. DDUGJY, SAUBHAGYA and UDAY etc. REC Ltd, has also been appointed as the nodal agency for the Revamped Distribution Sector Scheme (RDSS).
RECPDCL (REC Power Development and Consultancy Limited) is a wholly owned subsidiary of REC Ltd, which provides expert and value-added consultancy services to the power sector value chain across the country. It helps them set up electrical infrastructure, boost operational efficiency, expand the product portfolio, implement innovative technology solutions, and provide efficient and cost-effective services in the various fields. These include T&D infrastructure, ERP and billing software, smart metering projects, solar PV projects, quality assurance, demand forecasting and planning. For more details, please see www.recpdcl.in.
Bidgely is an AI-powered SaaS company accelerating a clean energy future by empowering energy companies and consumers to make data-driven energy decisions. Powered by our unique patented technology, Bidgely’s UtilityAI™ platform transforms multiple dimensions of customer data – such as energy usage, demographics, and interactions – into highly accurate and actionable consumer energy insights. We leverage this information to give each customer personalized recommendations tailored to their personality and lifestyle, usage attributes, behavior patterns, propensity to buy, and more. From a Distributed Energy Resource (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PV, electric vehicle sensing, vehicle behavioral load transfer power and managed load, energy theft, short-term load forecasting, grid analysis, and TOU tariff designs. Bidgely’s UtilityAI™ energy analysis provides in-depth visibility into generation and consumption for better peak load shaping and network planning, and provides targeted recommendations for new value-added products and services . With roots in Silicon Valley, Bidgely has over 17 energy patents, over $75 million in funding, retains over 30 data scientists, and brings a passion for AI to utilities serving residential and commercial customers. of the whole world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
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Nipun Jain (Sales Manager – Asia and Africa), Bidgely, +91-8800771447