Yes. They aren't using these features to serve you ads. They aren't using them to lock you in to their platform. They added these features because the vast majority of users are not particularly technical and they want some dashboard they can login to to see some cute metrics about their system. They added these features because downtime alerts are genuinely useful but it is difficult to implement without some sort of remote connectivity. And if your local utility needs the data for some reason, or needs the ability to coordinate power delivery to the grid, either now or in the future, there is a mechanism in which they can do so.
The number of users who consider this an anti-feature is such a small minority of users that it isn't really worth their time to accommodate. IOT certainly has its issues. TVs absolutely don't need it. For other appliances it can be a toss up. But there are also genuine use cases for it.