BSES signs MoU for AI-based solutions to forecast load, power theft

Power DISCOM BSES has signed a Memorandum of Understanding with Bidgely, a US-based company that provides artificial intelligence-powered solutions.

BSES Rajdhani Power Limited (BRPL) will collaborate with Bidgely for artificial intelligence-based solutions in areas including detection of power theft, reduction of aggregate technical and commercial loss, short-term load forecasting based on historical data and weather, and improving energy efficiency “through customised energy saving insights for consumers”, according to a communication from BSES.

Bidgely will develop an artificial intelligence and machine learning algorithm-based- forecasting system for load forecasting that can be available a day ahead.