- Associated Press - Monday, March 23, 2015

LONDONDERRY, N.H. (AP) - Liberty Utilities consumers could see a drop in summer energy bills if the state approves a rate reduction.

Liberty filed the request Monday with the New Hampshire Public Utilities Commission to cut its summer energy service rate by 55.6 percent.

If approved, the company says average residential customers will see a $47.25 reduction in their monthly bills.

John Shore, a spokesman for Liberty, says wholesale energy is purchased ahead of time and when market prices fell sharply this winter compared to last, the utility was able to seek the rate decrease.

If approved, the residential rate will be steady from May 1 through October 30. Commercial and industrial customers will see similar reductions during this period.

Shore says rates will most likely go back up next winter.

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