No; my issue is that it gives the choice over what temperature in my home is acceptable during hot weather to the utility. If my understanding is correct, the way it is going to work is that, late in the afternoons or during heat waves when the A/C based demand on the grid is highest, the utility will send out shut down/throttle back commands to vast numbers of their customers. I have the following problems with this:
1) Some people need close control of their home temperatures. Every heat wave triggers a number of heat related deaths after all, even with ready (albeit often expensive) access to A/C. Allowing thousands or tens of thousands of homes to rise by ten degrees seems likely to increase that death rate by some amount.
2) People like having control, are long accustomed to having control in their own homes. They can handle a lack of control or handing control over to someone/thing else as long as it is a) Doing close to what they would be doing themselves b) not obtrusive, not rubbed in their face. Having the power company turn off my A/C when things are at their hottest would be intolerable to me, and I imagine many other people. The greater the heat, the more aggressively the power company tries to throttle demand, the more people are going to find ways of bypassing the external control of their A/C units so they can run them as much as they want. When it's hot out, I want to cool my house *now*, not two or three hours from now when rates and demand are lower
3) Doing this properly requires that everybody upgrade their A/C units to ones capable of receiving and responding to the grid commands. I think very few people are going to be willing or able to just replace any or all of the A/C units in their dwelling. I've seen proposals for subsidized A/C swap programs (indeed, my own freezer and one of my window a/c units are new courtesy of my local program) But I notice that, where the swap programs are successful, a majority of the funding for it has come from the government, not the utility company. (which is just a round about way of saying we all paid for some people to get new equipment)