Impact of adopting the time-of-use rate plans on the electricity cost in the Canadian residential sector

Time of use (TOU) electricity metering involves dividing the day, the month and the year in to slots or bands, with generally higher rates at the peak loads and low tariff rates at off-peak load periods. For this study, the statistically representative testcase Canadian house was modeled in the building energy simulation software ESP-r to estimate its sub-hourly (every fifteen minutes) electricity consumption for the appliances, lighting, domestic hot water (DHW) and space heating for an entire year.