I think you are out of touch. You need to compare the PGE rates with SMUD to get the picture.
https://www.smud.org/en/Rate-Information/Residential-rates
https://www.pge.com/assets/pge/docs/account/rate-plans/resid... (PDF File)
PGE's off-peak rates are 3x SMUD's off-peak rates. PGE's peak rates are 1.5x to almost 2x of SMUD's peak rates.