The article cites end-to-end efficiency as 60%. Plus the costs of maintaining steam generators and the pipe network. Electrical transmission systems are roughly 85% efficient to the consumer; together with boring old resistive electric radiators which are 100% efficient. So is there any reason to subscribe to the steam system for new construction?
So using electricity for heating would be just throwing free heat away. Heat distribution networks are of course not free though.
Electric heating would be an economical win if the electricity could be harvested by solar and wind generators, and stored. Storing solar heat directly is much trickier.