{"id":5519,"date":"2026-06-25T06:14:23","date_gmt":"2026-06-25T05:14:23","guid":{"rendered":"https:\/\/e-station-groupe.fr\/?p=5519"},"modified":"2026-07-19T05:02:47","modified_gmt":"2026-07-19T04:02:47","slug":"cae-certificats-economies-energie-2027","status":"publish","type":"post","link":"https:\/\/e-station-groupe.fr\/en\/cae-certificats-economies-energie-2027\/","title":{"rendered":"CAE: why the energy savings certificate market could swing into surplus as early as 2027"},"content":{"rendered":"<style>\n.es-art{max-width:820px;margin:0 auto;font-size:17px;line-height:1.7;color:#1a1a1a}\n.es-art .lead{font-size:20px;font-weight:500;color:#222;margin-bottom:1.4em}\n.es-art h2{font-size:26px;margin:1.6em 0 .5em;color:#0b2e4f}\n.es-art h3{font-size:20px;margin:1.3em 0 .4em;color:#0b2e4f}\n.es-art ul{margin:.6em 0 1.2em 1.2em}\n.es-art ul li{margin:.35em 0}\n.es-art .es-box{background:#f2f6fa;border-left:4px solid #0b6efd;padding:18px 22px;border-radius:6px;margin:1.6em 0}\n.es-art .es-box p{margin:0}\n<\/style>\n<div class=\"es-art\">\n<figure class=\"es-art-hero\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/e-station-groupe.fr\/wp-content\/uploads\/2026\/07\/cae-certificat-ahorro-energetico-espagne.webp\" alt=\"Certificat d\u2019\u00e9conomies d\u2019\u00e9nergie (CAE) en Espagne \u2013 Certificado de Ahorro Energ\u00e9tico\" width=\"1123\" height=\"764\" \/>\n<\/figure>\n\n<p class=\"lead\">Spain's Energy Savings Certificates (CAE) market is accelerating dramatically. After a record-breaking 2025, several signals indicate that the supply of certificates could exceed demand as early as 2027, with direct consequences on prices for buyers and investors.<\/p>\n\n<h2>A market that changed scale in 2025<\/h2>\n<p>In 2025, the Spanish scheme recorded nearly 5.8 TWh of certified energy savings, compared with around 2 TWh in the previous period. This ramp-up came with nearly 3,922 applications filed and an estimated investment volume of between \u20ac1,800 and \u20ac2,200 million, representing savings growth of around 190% over the year.<\/p>\n<p>This momentum confirms that energy efficiency is establishing itself as a genuine investment driver, attracting industrial players, suppliers and certificate buyers in search of reliable volumes.<\/p>\n\n<h2>Why a shift into surplus is likely<\/h2>\n<p>The market mechanism rests on a financial equivalence set each year by the authorities. As the number of eligible projects rises and annual obligations are met, the stock of available certificates grows. Several analysts anticipate a move into surplus over the 2026-2027 period, which would put downward pressure on prices.<\/p>\n\n<div class=\"es-box\"><p><strong>Key takeaway:<\/strong> a market in surplus benefits CAE buyers, who can secure volumes on more favorable terms, but requires sellers to anticipate price movements.<\/p><\/div>\n\n<h2>What opportunities for certificate buyers?<\/h2>\n<ul>\n<li>Secure CAE supply contracts now, before prices stabilize.<\/li>\n<li>Diversify the portfolio between Spanish certificates (CAE) and neighboring schemes such as the French CEE.<\/li>\n<li>Rely on a specialized broker to access negotiated volumes and a fine-grained reading of the market.<\/li>\n<\/ul>\n<p>For companies buying energy savings certificates, the current window is an opportunity to plan their purchases in a market that is still maturing.<\/p>\n\n<h2>E-Station support<\/h2>\n<p>As an energy broker, E-Station supports buyers and investors in the environmental certificates market: Spanish CAE, French CEE, biomethane certificates and guarantees of origin. Our team negotiates volumes and structures operations internationally.<\/p>\n<div class=\"es-box\"><p>Would you like to buy or trade CAE certificates? Contact E-Station at <strong>info@e-station-groupe.fr<\/strong>.<\/p>\n<h2>CAE: anticipating the market to make the most of your certificates<\/h2>\n\n<p>The <strong>CAE<\/strong> (energy savings certificates) rests on a supply-and-demand mechanism: obligated parties buy certificates to meet their quotas, while project developers sell them. A shift of the market into surplus, expected as early as 2027, would mechanically weigh on prices and reshuffle the cards for market players. For those who produce or hold CAE, the timing of monetisation becomes strategic. Following energy-market news through reference sources such as <a href=\"https:\/\/www.reuters.com\/business\/energy\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a> helps anticipate these shifts.<\/p>\n\n<p>In a market set to ease, two reflexes are essential: securing the monetisation of your certificates before a possible decline, and structuring your operations with a partner able to optimise the timing and the channel of sale. The value of a CAE depends as much on the mechanism as on the execution.<\/p>\n\n<h2>Monetise your CAE with E-Station<\/h2>\n\n<p>E-Station supports companies and project developers in monetising their energy savings certificates. We help you secure your operations, choose the right timing for sale and optimise the value of your CAE in a changing market.<\/p>\n\n<p><strong>Do you hold or produce CAE? <a href=\"https:\/\/e-station-groupe.fr\/en\/demande-de-devis\/\">Contact our teams<\/a> to assess and monetise your certificates.<\/strong><\/p>\n\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently asked questions about the Spanish CAE market<\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list\">\n<div id=\"faq-question-1783856112650\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\">What is the CAE scheme in Spain?<\/h3>\n<div class=\"rank-math-answer\">\n\n<p>These are Spain's Energy Savings Certificates, a scheme that recorded nearly 5.8 TWh of certified energy savings in 2025, up from around 2 TWh in the previous period.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783856112651\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\">Why could the CAE market tip into surplus as early as 2027?<\/h3>\n<div class=\"rank-math-answer\">\n\n<p>Several signals suggest that the supply of certificates could outstrip demand by that point, which would have a direct impact on prices for buyers and investors.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783856112652\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\">How significant was market growth in 2025?<\/h3>\n<div class=\"rank-math-answer\">\n\n<p>The volume of certified savings grew by around 190% over the year, with nearly 3,922 applications filed and an estimated investment of between 1,800 and 2,200 million euros.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783856112653\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\">Who invests in Spanish CAE certificates?<\/h3>\n<div class=\"rank-math-answer\">\n\n<p>The scheme attracts industrials, suppliers and buyers, with energy efficiency emerging as a genuine investment driver in Spain.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1783856112654\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question\">What should buyers anticipate given this surplus risk?<\/h3>\n<div class=\"rank-math-answer\">\n\n<p>Support from a broker makes it possible to track the evolving supply-demand balance and adjust one's valuation strategy before prices are affected by a certificate surplus.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<p class=\"es-maillage-related wp-block-paragraph\" id=\"es-maillage\"><strong>On the same topic:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"\/en\/cee-certificats-electrification-evolution\/\">CEE and electrification certificates: understanding the evolution of energy transition support<\/a><\/li><li><a href=\"\/en\/cee-financer-renovation-energetique\/\">CEE: how to finance your energy renovation with energy savings certificates<\/a><\/li><li><a href=\"\/en\/biomethane-carburant-biognv-mobilite\/\">Biomethane fuel: bioGNV for decarbonized heavy mobility<\/a><\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>Le march\u00e9 espagnol des Certificats d&rsquo;\u00c9conomies d&rsquo;\u00c9nergie (CAE) conna\u00eet une acc\u00e9l\u00e9ration spectaculaire. Apr\u00e8s une ann\u00e9e 2025 record, plusieurs signaux indiquent que l&rsquo;offre de certificats pourrait d\u00e9passer la demande d\u00e8s 2027, avec des cons\u00e9quences directes sur les prix pour les acheteurs et les investisseurs. Un march\u00e9 qui a chang\u00e9 d&rsquo;\u00e9chelle en 2025 En 2025, le dispositif [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-5519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/e-station-groupe.fr\/wp-content\/uploads\/2023\/04\/zero-carbon-footprint-text-with-clouds-texture.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/posts\/5519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/comments?post=5519"}],"version-history":[{"count":9,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/posts\/5519\/revisions"}],"predecessor-version":[{"id":6329,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/posts\/5519\/revisions\/6329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/media\/4943"}],"wp:attachment":[{"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/media?parent=5519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/categories?post=5519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-station-groupe.fr\/en\/wp-json\/wp\/v2\/tags?post=5519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}