I suppose it's possible, even likely, that the new "smart" meters measure peak consumption independently on each leg. But why would the power company care if they're significantly out of balance? Both legs are fed by a single transformer off a single 13 kV line. It makes no difference whether one leg needs 5kVA and the other zero, or both legs need 2.5 kVA; either way the transformer will draw 5 kVA from the grid. Admittedly, the I2R losses will be slightly greater if the load is unbalanced, but that's insignificant in the larger scheme of things.
The original post was presumably talking about residential power. Now if you want to get into three-phase, that's a different discussion. The power company doesn't particularly like three-phase customers to have out-of-balance phases.
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