A psu will use only the wattage demanded of it, regardless of the max capability. How much power is drawn from the wall is determined by, in part, the efficiency. Bronze 80+ is the usual starting point and going up.
Another factor is how loaded a psu is when operating.
The most efficient point is about the middle of the range.
Here is a handy chart to size a psu:
http://www.realhardtechx.com/index_archivos/Page362.htm
If you think a graphics card upgrade is in your future, over provision the psu up front.
You will not likely save any on electrical bills by buying a psu with a high efficiency rating.
Of most importance is the quality of your psu.
A cheap psu that fails can damage all of your other parts.
Not knowing anything else, you can estimate quality by looking at the warranty.
7 years or more should buy you a decent quality unit.