There's talk about this in Australia too, to keep the power companies viable or to maintain their profit margins I'm not sure but I know to which option my opinion leans.

It's a worse deal for people who have spent the capital to reduce their ongoing expenses, and it's a worse deal for people who have very low electricity usage (likely poorer people and those who are naturally frugal). It's possibly a better deal for heavy electricity users, and I'm not sure that's who should be rewarded. No, I am sure: they shouldn't be rewarded.