Residential electricity consumption datasets are essential for applications such as smart grid management, home automation, renewable energy integration, infrastructure planning, and policy-making. However, obtaining high-resolution residential datasets remains challenging due to the high costs and complexities of sensor installation, monitoring, and maintenance, obtaining approvals and related human factors, among other issues. To address this issue with a focus on the Indian residential context, where such data is quite limited, we propose a Residential Electricity Usage Simulator (REUS), to generate synthetic residential electricity usage data. Our approach models electricity usage for 7 different categories of homes using data collected over one year at an hourly interval, from 65 residences. In addition to energy data, we also collected 18 different features for each home to improve our modeling. The data and features are preprocessed using feature selection with Probabilistic Finite State Machines (validated through Multiple Correspondence Analysis) and further refined through systematic data cleaning and imputation. We built simulation models using the popular Machine learning techniques such as Long Short-Term Memory networks, including Vanilla, Stacked, BiDirectional, and Encoder-Decoder LSTMs and Transformer model, including Vanilla Transformer and Temporal Fusion Transformer. In addition, statistical techniques such as Markov Chains of orders (0, 1, 2, 3) and ARIMA were used as benchmarks to evaluate the models’ ability to generate a synthetic residential electricity dataset that is close to real data. Via extensive experimentation and analysis, our results show that (Bi-di) LSTMs capture the trends in electricity consumption more effectively (with the lowest RMSE) than the other models. Simulation and analysis of this nature enables broader, region-specific energy research, reducing the need for costly or intrusive data collection.