I think it's a little simplistic - as YMMV depending on location, cost of electricity etc.
The difference between the two (at a high level Platinum, or even Titanium vs Gold) is pretty easy to establish - solely based on their 80+ efficiency rating.
Assuming operation in the 50% range (for absolute peak efficiency), 24/7 usage (ala mining) and using the average kWh electricity cost in the USA ($0.10 - $0.20)
Bronze
1500W PSU, operating at 750W (50% = 85% efficiency) 24/7.
750W @ 85% efficiency = 882W from the wall
882W x 24 hours per day = 21,168W / 1,000 = 21.168kWh
21.168 x 365 days = 7,726 kWh annually.
7,726 kWh x $0.10/kWh = $772.60 annually
7,726 kWh x $0.20/kWh = $1,545.20 annually
Gold
1500W PSU, operating at 750W (50% = 90% efficiency) 24/7.
750W @ 90% efficiency = 833W from the wall
833W x 24 hours per day = 19,992W / 1,000 = 19.992 kWh
19.992 x 365 days = 7,297 kWh annually.
7,297 kWh x $0.10/kWh = $729.70 annually
7,297 kWh x $0.20/kWh = $1,459.40 annually
Platinum
1500W PSU, operating a 750W (50% = 92% efficiency), 24/7
750W @ 92% effiency = 815W from the wall
815W x 24 hours per day = 19,560W / 1,000 = 19.56 kWh
19.56 x 365 days = 7,139 kWh annually.
7,139 kWh x $0.10/kWh = $713.90 annually
7,139 kWh x $0.20/kWh = $1,427.80 annually
Titanium
1500W PSU, operating a 750W (50% = 95% efficiency), 24/7
750W @ 94% = 798W from the wall
798W x 24 hours per day = 19,152W / 1,000 = 19.152 kWh
19.152 x 365 days = 6,990 kWh annually.
6,990kWh x $0.10/kWh = $699.00 annually
6,990 kWh x $0.20/kWh = $1,398.00 annually
So the difference in consumption from a cost standpoint over the course of a year is somewhere between $73.60 and $144.20 (between Bronze and Titanium)... depending on the cost of your electricity.