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I think setting the Demand Window Length to QuarterHour is exactly what you are looking for. It takes the highest quarter hour for the month and uses that for the demand computation in the UtilityCost:Tariff object. Please be aware that the timestep set in in TimeStep object should be 4 or 12.
There currently is no way to get hourly energy costs from the UtilityCost:Tariff object. If you would like to see that added you can vote for it here.
If you are just looking for hourly electrical energy or demand data, that is available. See the Electricity:Facility meter.