All true - but it's been equally true throughout the 40+ years of dual-rate tariffs (E7/E10 etc.)An electricity "supplier" notionally buys electricity on the wholesale market and sells it to you. IIRC the wholesale market works on a half-hourly basis.... Since the distribution network does not segregate electricity flows from different "supplier"s, the meter in your house must serve not only the relationship between you and your "supplier", but also the relationship between your "supplier" and the wholesale electricity market.
Again true, but again, that's precisely what has been happening for 40+ years.Since many customer's don't have smart meters there must be a fudge in place, to charge electricity suppliers for an assumed consumption profile of their dumb-meter customers. I would assume that with legacy dual-rate tariffs there are two assumed consumption profiles, one for "day" units and one for "night" units.
As far as I am aware, few suppliers are yet offering customers with smart meters anything much more complicated than the traditional dual-rate tariffs. If/when the ('smart'meter-facilitated) tariffs get much more complex, I imagine that many users will probably adjust their usage patterns (particularly in relation to the timing of EV charging) such as to eventually largely iron out the variation of demand during the day/night. If that happens, it will be good for generators/distributors, but will mean that smart meters have proved 'so effective' that they will have essentially have destroyed their usefulness
Kind Regards, John