AI algorithm spots electricity theft
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Electricity theft is a large and growing problem in many areas of the world. The United Kingdom Revenue Protection Association estimates that such activity causes losses of GBP 440 million a year in the UK alone. While in Brazil, Eletrobras, the country’s largest electric power utility, loses up to 22 percent of all the power it generates to fraud and theft. Now big data may offer a solution. A team of researchers at the University of Luxembourg has developed an AI algorithm that can recognise when energy use at a property is suspiciously low.
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