Proving the Business Case for the Internet of Things

BGE realizes "millions of dollars" in value from smart-grid analytics

Iain Morris
May 20, 2014
 
Exelon subsidiary Baltimore Gas and Electric (BGE) says it expects its use of C3 Energy’s smart-grid analytics technology to yield “tens of millions” of dollars in value for itself and customers.

The utility operates a network of two million smart meters across Baltimore City and counties in Central Maryland, and has recently begun using services from C3 (Redwood City, CA, USA) to provide a more cost-effective, efficient and reliable energy service, it says.

The analytics technology has been set up to analyze more than 35 billion rows of data from BGE and third-party data sources and then provide insights to help BGE’s revenue protection and grid operational teams work more effectively.

BGE says the analytics technology was deployed on time and on budget just six months from project initiation.

“BGE team members are enthusiastic about the efficiencies they are already seeing from C3 Energy solutions, meaning greater value to BGE customers in terms of improved service reliability at affordable rates,” said A Christopher Burton, the vice president for smart grid and technology at BGE.

BGE also said that usage of the analytics technology meant it was now on track to hit targets for reductions in unbilled energy, which is expected to deliver tens of millions of dollars per year in economic value to BGE and its customers.

“The BGE implementation of C3 Energy Smart Grid Analytics is one of the most sophisticated examples of machine learning in power delivery today,” said J Zico Kolter, assistant professor of computer science at Carnegie Mellon University. “The system analyzes data from hundreds of thousands of devices, then generates hundreds of analytic features per device, all in real time.”

“The machine-learning algorithms then use this data to evolve automatically over time, ensuring the effective resolution of grid operational issues,” he added.
 
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