Energy Theft Solution

 "A survey by the Edison Electric Institute (EEI) showed that theft accounts for a loss of 1% to 3% of revenues among respondents.”
 
-International Utility Revenue Protection Association ( IURPA)

Energy Theft has been discussed more in the boardroom in the last 3 years than it had been in the previous 30. There are many causes for this, but the primary reason is that the executives are responding to their perception of how some customers may react to skyrocketing energy and resource prices. Unprecedented rate increases are pushing more customers than ever to resort to stealing their energy and water. Skyrocketing prices aren’t the only factor. Sarbanes-Oxley, competition created through deregulation, and the public and state regulators’ demands for better coporate governance all contribute to making Energy Theft a boardroom topic.

No territory is immune and no service is safe from theft. With a little knowledge and a little nerve, or the right contractor, anyone can tap into electric, gas, or water services. The majority of theft occurs in the residential sector, but the majority of all revenues lost—estimated at between one and three percent of total distribution revenues—occurs in the commercial account sector. A utility with $1 billion in revenues potentially loses between $10 million and $30 million each year to theft, and more than two-thirds of that loss is within the comparatively small commercial sector.

Detectent is the recognized leader in the delivery of Solutions to combat Energy Theft. These advanced analytical tools and services continually monitor the information of all customers to help electric, gas, and water utilities manage the identification, inspection, and tracking of energy theft cases. The rapid adoption of Detectent’s Energy Theft Solutions throughout North America is due to the results delivered. Many simple query and logic-building tools have attempted to duplicate the success of this powerful offering, but the benefits to the utilities have not been realized.

Using Detectent’s Energy Theft Solution, utilities focus their resources on the highest value and highest probability theft cases. The result is more efficient use of back-office and field resources, and increased revenue recovery. Deploying the Detectent Energy Theft Solution helps stop the growing problem of energy theft and turns a utility’s revenue protection department into a profit center.