This study introduces a sophisticated supervised machine learning method for electric theft detection utilizing a customized Histogram Gradient Boosting (HGB) algorithm. Comprehensive preprocessing, including imputation, normalization, outlier management, and resampling, ensures the time-series data is accurately prepared for analysis. The SMOTE-ENN algorithm corrects class imbalances, preparing the data for the feature optimization stage, in which key features are selected and extracted. The HGB algorithm, enhanced through Bayesian optimization, is central to the training process, resulting in a model that precisely classifies electricity consumption patterns as genuine or fraudulent. The robustness of the model is evaluated against other recognized boosting methods, such as Adaptive Boosting (ADB), Gradient Boosting Decision Tree (GBDT), and LightGBM, alongside various ensemble and traditional machine learning models. Utilizing key performance metrics like accuracy, F1 score, and AUC for validation, the proposed model yields very promising results, with 93% accuracy, 95% F1 score, and 98% AUC, outperforming the comparison group under similar dataset and hyperparameter conditions. This underscores the model’s potential as a highly accurate tool for combating electricity theft within an advanced metering infrastructure (AMI).