I'm assuming you have solar panels.
We're in Texas, so our circumstances might be different.
We installed 15.4 KW of solar panels and 4 PowerWalls at the end of last year. Our installers had recommended a solar buyback plan, but after reviewing the terms, we decided instead to go with the lowest price per KWh plan for 6 months, and then based on actual results, re-evaluate our options.
When we configured our system we assumed we would generate about 50% of our energy from solar and buy the rest from the grid, and based on our first month of operation, we appear to have achieved our 50% goal.
The problem with the solar buyback plan is that the 50% of power we would get from the grid would be charged at a higher rate ($.149/KWh) vs. the lower price we could get on a non-buyback plan ($.091/KWh). So using the grid as a virtual battery would have increased our energy bill by over 60%.
So rather than using a solar buyback plan, we're now looking at using a time-of-use plan, where we'll get free electricity from 8PM-8AM or 9PM-9AM - and that should further reduce our energy costs.
In January 2019, we used 3200 KWh. With our solar panels/PowerWalls in January 2020, we used 1550 KWh. But only around 330 KWh was used during the day period. Even if the cost of energy under a free nights plan is 2X (around $.18-.19 /KWh), we could end up reducing our energy bills by another 50% with "free nights" - especially because we have our S and X set to charge overnight and not durign the day.
Even if the net metering plan buys back energy at the same rate the energy is sold to you, if the energy costs per KWh are higher under a buyback plan vs. a normal plan, you may be paying more for the net electricity you are buying from the grid, unless your system is providing all or most of all power you need.