I'm quite happy with my smart meter.
I use a fair bit of electricity - my hot water heating and space heating are all electric, so I was averaging around 100 a month on electric.
Got a smart meter fitted and moved to Octopus Energy's Agile tariff for a while, now on their Go Faster tariff - I'm paying around 14p a unit except for from 20:30-01:30 daily when it's 5.5p/unit. Right when I'm playing games, or when it's chilly in the evening - and that's exactly when I run the dishwasher, washing machine, tumble dryer, water heater timer, etc.
Without a smart meter I'd be unable to get on that tariff, so I'd be stuck paying the going rate - looking around this seems to be 13-16p/unit for the cheapest non-time-based (i.e. dumb meter) tariff.
Just for shuffling some timings around, it's really not a big deal as far as I can see. I've seen that british gas have a tariff which offers you free electricity all weekend (admittedly in the week it's a bit dearer to compensate) - but that might be just the perfect deal for some households.
Overall though, for the points about efficiency - there need to be changes all over. If the government said "yes, we're going to spend billions to upgrade to graphene powerlines, and the ROI will take 100 years - but meanwhile please continue to use filament light bulbs", that's not much use. There'll no doubt be improvements being made to the transmission network - efficiency losses in transmission will just be a waste of someone's money so there's undoubtedly going to be work going on there to improve it. Sure, there'll be some households where people have miniscule bills due to being careful/frugal anyway, but then there'll be others who then see the cost of leaving stuff on & start to use less. Averaged out nationwide and we can start to see some substantial savings in power - there's probably a good few megawatts of energy being wasted right this second by stuff that's been left on by mistake. Be nice to fix that wouldn't it?