FERC has approved PJM’s proposal for selling back excess capacity in this February’s third Incremental Auction for the 2017/18 delivery year.

PJM’s Independent Market Monitor urged FERC to address longstanding concerns over demand response providers and others selling “paper capacity.”

The PJM Markets and Reliability Committee rejected two proposals members said threatened the Capacity Performance construct, but approved two others.

The PJM Market Monitor reported that capacity and regulation market results were “generally competitive” in the first 9 months of 2016, but remain vulnerable to stress.

Still unable to reach consensus, PJM members balked again last week at a request from a group of demand-side stakeholders to revisit Capacity Performance.

A summary of the issues scheduled to be brought to a vote at the PJM Markets and Reliability Committee and the Members committee Thursday, September 29th.

The PJM Market Implementation Committee will consider changes to rules governing day-ahead scheduling reserve eligibility.

PJM said none of the 10,017 MW of additional capacity committed in the 2017/18 transition auction will be calculated in this week’s incremental auction for the delivery year.

The PJM request to delay May’s Base Residual Auction has drawn more than two dozen comments — mostly from supportive stakeholders.

FERC approved PJM’s request to retain 2,000 MW of capacity in yesterday’s third Incremental Auction for 2015/16 but rejected its request to purchase capacity outside of the RPM.