TCMK, which is owned by Thameswey Energy Ltd (TEL), itself a wholly owned Woking Borough Council company, provides district heating, cooling and a private wire electricity network to domestic and business customers in Milton Keynes.
Under the new ownership, services will continue to be provided to existing customers without interruption. All staff currently employed by TCMK will be offered roles with the new operator, supporting continuity of service provision.
Cllr Dale Roberts, Deputy Leader of Woking Borough Council and Portfolio Holder for Finance, said: