The net effect would be the same but might be cheaper overall.
This is what I think the real benefit is, and also why I think we'll see both. I don't see the political will or financial commitment materialising for large scale energy storage in the short term because it's an upfront cost to a taxpayer whichever way you slice it.
Individuals are free to self-fund their own battery pack installations though, and can then decide if the upfront cost is worth the reduction in rates to shift energy usage to non-peak times. Once that sufficiently takes off it becomes easier to sell the public at large on the idea, and will also drive down costs, at which point I could see wide-scale grid storage becoming thing. At that point, renewables are scalable to almost 100% of energy usage (assuming vehicles and industry transition away from combustion machinery).
At scale the costs could come down quite substantially given that the basic chemistry is iron, salt, water and little else - at which point it's a substantial financial boon to the customer given that they could see an up to 50% reduction in their energy costs (going by tariffs in my own region) to compensate.