Eh.
Frankly, it sounds like all they’re doing is moving to a pricing similar to how commercial internet service is priced where you’re bill is based on one’s 95th percentile throughput.
If their major costs are related to being able to handle peak rather than average usage, then that pricing scheme makes perfect sense. You’re charging for adding capacity (new power plants, more transmission lines, more switching stations) rather than variable costs (fuel).
Frankly, I don’t think it would be possible to create a perfectly fair system for charging people that would make sense to customers since it would require three different charges based on three entirely different metrics.
First, you’d have to charge customers for the fixed cost of operating existing infrastructure. You could get away with dividing that evenly between every person who is connected to the grid. This would cover everything from power company employees to repairs that didn’t add capacity like fixing downed power lines.
They’d then take all the variable costs related to generating power and charge customers based on the percentage of power they consumed. To make it fair, you’d calculate how much that power cost on a 5-minute average and then charge someone based on the percentage of energy they are consuming during that 5-minutes. This is different from charging them per kWh since it properly reflects power generation waste that is dumped into the ground due power plants not being able to deliver exactly how much power is consumed.
Then they’d have to take new capital improvement costs for adding capacity (like say, building a new switching station) and charge customers based entirely on their peak usage for the year (since capacity is related to peaks). This of course means that if you build a new $30 million switching station, the people who spike the power during peak times would pay a larger share for it.
In this scenario, a person who was off-the-grid 364 days a year, but ran their A/C and drew from the grid for a few hours on one day would end up with total yearly bill that wasn’t that much less than his neighbors since the fuel cost for powerplant isn’t that great (maybe $0.02/kWh for natural gas). Heck, if he got his power from a nuclear power plant, his bill would be on average would be maybe $20 less per year than his neighbors who use power the rest of the year since actual fuel costs for uranium are so low.
The flip side to this is that in a net-generation world, you would pay someone monthly for what percentage of total power capacity they add as well as for their variable power generation. If they had a big enough battery to prevent any power spikes, they would enjoy low monthly power bills.
I mean, they are literally making it more cost-effective to invest in solar panels and a large battery system like a Tesla Powerwall since it would considerably drop your summer peak usage compared to your neighbors who didn’t have such a system.