The rapid advancement of AI technologies and their accelerated adoption in software development necessitates a systematic evaluation of their environmental impact alongside functional correctness. While prior studies have examined sustainability in large language models, existing approaches lack systematic frameworks for evaluating accuracy-energy trade-offs in Code Language Models (CLMs). In this paper, we present a framework, BRACE, to benchmark CLMs on a unified scale of energy efficiency and functional correctness (referred to as accuracy). We benchmark 22 state-of-the-art models on code generation and summarization tasks, proposing two rating methods: Concentric Incremental Rating Circles (CIRC) and Observation to Expectation Rating (OTER). CIRC provides deterministic Euclidean-based rankings with static trade-offs that are robust to outliers, and OTER offers trend-aware evaluation with dynamic trade-offs that capture the complex correlation between energy and accuracy, each offering a distinct perspective and addressing the problem in a unique way. These rating methods enable us to rate LLMs on a 1-5 scale reflecting their combined capabilities in terms of energy efficiency and functional correctness. Our analysis reveals models generally perform better in the code summarization tasks as they are not enforced to generate a grammar-based and syntactically correct output. Also, we find that models’ size does not have a significant impact on their ratings, indicating that if models utilize their parameters efficiently, they can be ranked higher on the energy-accuracy scale.