If your TV is plasma, it can draw 200W or more, easily. My 51" plasma draws over 2A @ 120VAC when the screen is mostly displaying white (like ice (I watch a lot of hockey)). My power center has volt and amp displays, and I see the amps very with the colors displayed and their relative brightness from 0.5A to 2.0A or more.
FWIW, 700W is the rating for the power supply. Conservative design would have max usage of 350W. Most PCs, however, save money by using power supplies whose ratings are more like 75% max usage. So, cheap PCs, for the same power consumption, would have about a 450W to 500W supply for an expected max usage of 350W.
In any case, it's unlikely that you're consuming more than 250W; likely less.
I run my PC every day, for at least 12 hours. I have a 2-story 1800 sq.ft. home. I have gas heat and cooktop, and electric everything else. I live at 7,000 ft. and seldom use my A/C. When I did for a few days, my monthly bill went up to $70. Now, it's back down below $30. Note that I also have a whole-house air exchanger that runs 12 minutes per hour.
The point of all that being is that my PC adds negligible cost to my monthly electric bill. I'm under $1/day. Even if my PC is 25% of that (which I doubt), my daily cost for running it is no more than 25 cents.
Your DAW is not your problem.