They have peak/off-peak rates with an additional monthly fee based off your maximum kilowatt usage in any 30minute on-peak interval. They also integrate with an ecobee thermostat (and give a $100 credit for buying them - just got two for $50 a piece) and will automatically adjust your thermostat up by at most 4 degrees during on-peak conservation events where demand is spiking in the valley. They can even pre-cool your house by 2 degrees prior to the event on off-peak rates to try and comfortably get you through the conservation event.
I’ve configured my pool pump to turn off during peak hours and will avoid doing dishes and laundry during peak. I imported last years hourly usage into spreadsheet and ran the numbers. If my math is right, I should save on average between $100 and $200 per month on electric (I’ve had winter bills as low as $150 and summer bills as high as $750!).