• Primary Program Energy Transitions and Electric Power
  • Research Interests Electricity markets, inovation dynamics, systems modeling, computational social science, consumer and market behavior and interdisciplinary research

Biography

Iqbal is a former KAPSARC senior research fellow who led the Utilities of the Future project that develops decision support tools for operational and strategic decision making. He is a Fellow of the Institute of Mathematics and its Applications (IMA), a member of the Institute of Physics (IOP) and a member of the Chartered Institute of Marketing (CIM). Iqbal is also the inventor of several patents.

Publications

See all Iqbal’s publications
  • Discussion papers
  • KAPSARC journal article
Reorganizing Power Markets: A Reliability Insurance Business Model for Utilities

Reorganizing Power Markets: A Reliability Insurance Business Model for Utilities

A market in which individuals pursue their own self-interest normally maximizes aggregate economic well-being. But households that install Distributed Energy Resources (DERs) in order to obtain savings in their electricity bill, impose an external cost on other customers. At scale, their actions can lead to higher electricity tariffs for utility customers and, in the extreme case, a utility death spiral. In this paper, we propose a market mechanism that may ameliorate this potential distortion based on the creation of a market for risk. Utilities would provide reliability insurance services to households to protect them against the failure of their own DER systems. Creating such an insurance market would allow customers to choose a premium according to their preference for reliability. It could also limit the potential utility death spiral efficiently, as the path would be driven by market mechanisms that arise after reassigning property rights and liabilities between utilities and their customers.

November 26, 2018
Can Adoption of Rooftop Solar PV Panels Trigger a Utility Death Spiral?

Can Adoption of Rooftop Solar PV Panels Trigger a Utility Death Spiral?

The growing penetration of distributed energy resources (DER) such as solar and wind power is causing major changes in the electricity market. One key concern is that existing tariffs incentivize ‘free riding’ behavior by households, which leads to a cycle of rising electricity prices and DER adoption, thereby eroding utility revenues and start a death spiral. We developed a model using data from two cities in the U.S. to explore this issue.

May 15, 2016

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