no they won't, but, if, because you are by yourself you use less energy than estimated, the balance of the account will increase. (or vice versa balance will decrease if you use more energy than expected).
Your monthly payment is based on £8 per fuel per month membership fee (or standing charge if you prefer) less £2.50 a month discount if you have both gas and electric, plus the cost for the energy used annually as per other reply). You have to pay the membership fee no matter if you are one or many. So it will be either £8.00 or £13.50 plus energy costs. (depending on whether you have Gas+Elec, or just Elec. Rates per kWh as per price list
depends where you are.
How it pans out cost wise very much depends on how much energy is used compared with what you've been quoted for.
If you can take time out from the pub, oops I meant from lectures, take weekly readings from the start and keep a note of them date and reading, and continue to do that once the property is fully populated, you will have a good record of the real costs.
Maths student? Post back if you need help with working it out...
Alternatively just make sure you submit regular readings in the app, especially important for your situation is the reading once you get the reminder towards the end of the billing month and you should submit that reading a day or 2 after you get the email, because that will define your real monthly cost for what you've used. The first two statements will show what it's cost for just you, (you said 2 months) the 3rd statement as long as you submit readings will show the cost for all 7 people.
To make it simple I'd divide the estimated annual charge by 11, and each of you pay one sixth of that amount per month, yes 11 and then one sixth not 12 and one seventh.
That way you'll have some leeway over usage, because you can only work out at the end of each monthly billing period whether the costs are being covered. Just keep an eye on the statement balance every month, it should always be around an average month in credit after the dd has been paid. If it drifts a long way you'll need to adjust accordingly.
It's far better to charge your flatmates a little more and build up some credit which you can always repay them later, than to underestimate and have to ask them for more later on.
Well that's my advice for what it's worth...
Good luck with the studies!
Originally Posted by JoeRousey