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xit2 launches Home Energy Exchange

xit2 has launched the Home Energy Exchange to support the work of National Energy Services in delivering energy efficiency initiatives. NES is a trading subsidiary of the National Energy Foundation, an independent charity set up in 1988 to promote energy conservation and provide help to improve energy efficiency in residential buildings.

The Home Energy Exchange allows NES to efficiently manage the instruction process to their staff in the field and also provides a vital hub for surveyors to feed back survey results and file reports through the Internet based exchange.

Brian Scannell, managing director of NES, says: “Energy firms in the UK are subject to an energy efficiency commitment, which puts an obligation on these companies to help customers reduce their energy use. Firms are required to deliver a target level of savings and ensure that at least 50% of these savings benefit low-income households.

“We approached xit2 about four months ago in the hope that the technology they provide lenders and surveyors through the Valuation Exchange could be developed to support this important work. Not only were xit2 able to fast track the system build for us but it is now live and already an integral tool in our business process.”

Scannell adds:”Improving energy efficiency is critical to both national and internationalclimate change initiates. New legislation will have significant implications for the housing market and the home selling process. xit2 technology will play a vital role in ensuring that the home selling process will be supported in a practical and effective way.”

Simon Henson, chief executive of xit2, says: “We are pleased to have been able to develop the Home Energy Exchange to support NES. In addition to the current requirements the system will provide a platform for the imminent second phase of new European Union energy directives. NES play a central role in supporting companies such as British Gas who have launched their &#39here to HELP&#39 initiative to help get customers out of fuel poverty.

“Regulation may be the main focus for most in the mortgage industry at the moment but, with HIPs just around the corner the mortgage market will need to look very closely at the implications of the energy element of the overall pack. The Kyoto protocol on the emission of greenhouse gasses has been the driving force behind the EU directive, which gives some indication of the breadth and severity of the task ahead. Xit2 is delighted to be supporting NES and we look forward to a long-term working partnership.”

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