You have to take into account efficiency above everything else. ALL PSU's regardless of rating plummet under 20%. The Corsair AX1500i even which is an 80 PLUS Titanium rating nose dives from an optimal efficiency of 95% at about 750W down to 90% at 10% utilization which is 150W, basically most high end computers at idle. Now 90% efficiency is still VERY good, but you can also do better for cheaper.
For example I am looking at either the AX760i or the AX860i, both are 80 PLUS Platinum and both have very high efficiency ratings in the range I will be using. I am still going to get between 91-94% efficiency at a much lower price than the extremely high-end AX1500i.
So my computer while gaming uses approx. 300-400W which with the right PSU I should get about 94% efficiency, meaning per hour of gaming I am drawing about 320-425 W/hr, I pay about $0.09 per kWh, so it would take me about 30 hours to spend $1 in power. At idle its more like a 120W draw, but with the PSU efficiency going way down due to under-utilization, probably about 85% on mine, more like 140W, at idle I could literally keep my computer on all week at idle and spend maybe $4.
Now that sounds really fishy to me but that's the math I come up with. I'm sure someone will correct me if I am wrong but I think this is accurate.
Now if you get a really sh**y PSU and you are getting like 80% efficiency at your load, say you are running SLI while gaming, probably looking at 500-600W, at 80% efficiency your consumption is 600-750 W/hr. In other words you're still not paying a ton in electricity to run your computer but you are spending roughly 12% more on power than you would a better PSU. It's really not a lot it would take months for you to notice the difference in a 750W 80 PLUS Bronze and a similar PSU with 80 PLUS Platinum.
But in short, no you are not going to be paying 750W/hr if you have a 750W PSU, you only pay for what you use, and efficiency is a big factor in that.