The first secondary CAE market platform in Spain

CertificAhorro's secondary Market is the first Spanish platform dedicated to the trading of Certificados de Ahorro Energético between Sujetos Obligados and Sujetos Delegados accredited by MITECO. It runs on a transparent order book compliant with Real Decreto 36/2023: public prices, auto-generated sale contracts signed electronically in accordance with Reglamento UE 910/2014 eIDAS, and direct SEPA payment between the parties without an intermediary escrow.

30 MWh per operation, in accordance with article 14.6 of Orden TED/815/2023. The total issued volume may be split across several transactions with different buyers, provided that each individual operation meets that regulatory threshold. The system automatically rejects orders below the minimum.

The seller commission ranges between 0.15% and 0.70% depending on the Sujeto Delegado's SaaS Gestion plan: 0.70% with no subscription, 0.35% for Corporativo customers (399 EUR/month) and 0.15% for Delegado customers (899 EUR/month). The buyer commission ranges between 0.15% and 0.60% depending on the purchase volume accumulated by the Sujeto Obligado over the last 12 months. Each party receives its own invoice separately in accordance with Real Decreto 1619/2012. Full grid available at /mercado-cae/comisiones.

The Market is reserved for Sujetos Obligados (retailers and distributors accredited in accordance with article 70 of Ley 18/2014) and for Sujetos Delegados accredited by MITECO under article 5 of Real Decreto 36/2023. Currently 66 Sujetos Delegados appear in the official register published by MITECO. Operational access is in closed beta and requires an invitation validated after a review of the accreditation.

Registration is done at /registro?producto=mercado, indicating the regulatory role (Sujeto Obligado or Sujeto Delegado). The CertificAhorro team manually validates the request within 2 to 5 business days, verifying the public MITECO accreditation and the mandatory KYC checks: identity, corporate structure, power of representation and source of funds for Sujetos Obligados.

Once the sale contract is signed, the seller has 5 business days to submit the transmission request to MITECO through the Registro Nacional de CAE. SEPA payment is made directly between the buyer and the seller using the bank details exchanged on the platform: CertificAhorro acts neither as escrow nor as financial intermediary, it only invoices its platform commissions.

The price is set freely by the parties based on the matching of supply and demand in the order book. As a reference, the market range observed in 2026 sits between 115 and 140 EUR/MWh, below the FNEE 2025 price ceiling of 189.17 EUR/MWh published by MITECO. CertificAhorro publishes daily indices (volume-weighted average price, median, minimum and maximum) available at /mercado-cae/precios.

Yes. The sale contracts are generated automatically with the regulatory data required by article 17.2 of Orden TED/815/2023 (identification of the parties, volume in MWh, price and CAE references) and signed electronically via DocuSeal with an eIDAS SES signature in accordance with article 25 of Reglamento UE 910/2014. Each contract includes a SHA-256 hash, a timestamp and an immutable audit trail with full evidentiary value.

HM Capital SARL, the publisher of CertificAhorro established in France, invoices its commissions without IVA to the Spanish client under the reverse charge regime of article 84.Uno.2º of Ley 37/1992 (intra-Community B2B reverse charge). The client self-assesses the 21% IVA on the modelo 303. The mandatory legal notice appears on the invoices and the detailed explanation is available at /mercado-cae/comisiones.

Supervision is shared among three authorities: MITECO (the CAE system and Registro Nacional in accordance with Real Decreto 36/2023), CNMC (energy markets and competition enforcement in accordance with Ley 3/2013) and AEPD (personal data protection). CertificAhorro also maintains an internal regulatory compliance audit of 99.3% across 156 control points, updated on 19 April 2026. Single regulatory point of contact at /mercado-cae/contacto-regulatorio.