There might be a further rise in the energy bills in Britain. This is due to the rise that may occur in the wholesale gas prices in the nation would take a surge. There has been a warning issued by Centrica about the increase in the prices that may occur in the prices of gas and oil, after the quarter rise that has already been marked as compared with that of last year.

Centrica was of the view that the increase in the prices might be a result of the disturbances in the Middle East as well as the nuclear crisis that has occurred as a result of the devastating earthquake and Tsunami that occurred in Japan.

This might be a definite reason for further surge in the costs of energy in the UK. The entire economy of the world is interconnected and if one nation suffers, many others do with it. The soaring prices of oil are an issue of concern for most of the countries in the world. There have been falling shares in Centrica by as much as 3.4%.

“We continue to expect growth in our 2011 group earnings but at a more modest rate than anticipated at the time of our last results announcement as upstream profits have become more highly taxed”, said Centrica.

The need of the hour is some effective cost cutting and the optimum utilization of the given resources. This alone shall help in clearing the air of economic distress in the nations of the UK.