REDWOOD CITY, CA--(Marketwire - Mar 5, 2013) - Today, C3 Energy -- a smart grid analytics software provider -- announced the availability of C3 Energy Revenue Protection. C3 Energy Revenue Protection integrates data from utilities' Advanced Metering Infrastructure (AMI) with data from multiple utility systems and third-party data sources to identify suspicious energy usage and enable utilities to reduce revenues lost from energy theft and malfunctioning meters. C3 Energy Revenue Protection is the first offering in the company's suite of C3 Energy Grid Analytics™ SaaS software solutions.
"More than $1 trillion is being invested in the build-out of the smart grid, making it the biggest machine ever conceived -- one that promises to deliver substantial economic, social, and environmental benefits. C3 Energy Smart Grid Analytics provide the operating system for the smart grid," said Ed Abbo, C3 Energy President and Chief Technology Officer. "C3 Revenue Protection represents an important first step in helping utilities realize the economic value of their smart grid deployments and could reduce unbilled energy losses by as much as $5-10 per meter."
C3 Energy Revenue Protection Addresses Energy Theft: a Multi-Billion Dollar Problem
Power theft has been estimated to impact between .5 and 1 percent of a utility's overall revenue, costing utilities and energy providers billions of dollars annually. Historically, theft has been difficult and expensive to identify, verify, and remediate. The advent of digital meters has addressed only part of this problem. The modernization of the electricity metering system with AMI technology has eliminated the need to send utility personnel to read meters on site and to visually inspect meters for physical tampering or malfunction. However, making sense of AMI meter data and rapidly identifying and prioritizing likely theft situations still present challenges.
C3 Energy Revenue Protection Reduces Unbilled Energy from Theft and Meter Malfunction
C3 Energy Revenue Protection applies analytics to complex customer energy consumption data to pinpoint patterns indicating unbilled energy use, necessary maintenance repairs, and potential safety issues. It identifies and prioritizes specific opportunities to reduce energy losses by tracking events such as:
- Energy usage readings on inactive meters;
- Tampered or bypassed meters;
- Malfunctioning meters; and
- Anomalies or outliers in energy use patterns compared to typical buildings of the same type.
In addition to tracking maintenance and theft issues, the data can also be used to alert utilities to potential safety hazards, such as high meter temperatures and under-voltage or over-voltage situations.
C3 Energy Revenue Protection performs in-depth analysis across large volumes of data integrated from a range of internal and external data sources, including: customer information systems (CIS); advanced metering infrastructure (AMI) and energy usage readings from smart meters; geographic positioning data; building characteristics; work management systems; and property management systems.
With insights from C3 Energy Revenue Protection, utility response teams are able to address a single, unified queue of opportunities, from investigation to confirmation to closure. C3 Energy Revenue Protection employs adaptive algorithms that continually refine and improve the accuracy of recommendations by integrating the results of sophisticated data analysis with actual field service verification of revenue anomalies.
C3 Energy Grid Analytics: Optimizing Energy Operations
C3 Energy Smart Grid Analytics solutions for utilities are comprised of comprehensive demand-side C3 Energy Customer Analytics™ and supply-side C3 Energy Grid Analytics™ SaaS software solutions.
Additional C3 Energy Grid Analytics solutions will be delivered throughout 2013 and 2014, including: C3 Energy Outage, Analysis, Prediction, and Restoration™; C3 Energy Asset Lifecycle Analytics™; C3 Energy Customer Segmentation and Targeting™; and C3 Energy AMI Voltage Optimization™. With these integrated analytics solutions, utilities will be able to improve the efficiency and effectiveness of supply-side operations and profitably meet their business, customer, and environmental goals.
For more information on C3 Energy's suite of software solutions, visit http://www.C3energy.com.
About C3 Energy
C3 Energy provides analytical software applications that help utilities to realize the full promise of their investments in the smart grid -- securely, reliably, and rapidly. C3 Energy's suite of demand-side and supply-side applications offers end-to-end insights across utility operations, enabling faster, more effective decisions, greater operational efficiency, and richer customer engagement. The C3 Energy Analytics Platform integrates massive amounts of disparate information, applies sophisticated multilayered analytics, and supports user interface platforms that generate actionable insights for utilities and their customers. C3 Energy Smart Grid Analytics solutions are in use today at utilities and energy providers, including Pacific Gas and Electric Company; Exelon companies Constellation and Commonwealth Edison; DTE Energy; Western Massachusetts Electric Company; Entergy; Southern California Edison; and Iberdrola companies NYSEG and RG&E.