Even if you left it on 24/7, it would take you a year and a half to make up the difference in price between the $2000 AMD and the $3000 Intel. If we assume both chips have identical performance, the Intel would cost $4350 to run over 5 years vs $3480 for the AMD (assuming 24/7 at all cores). The total cost of ownership for that Intel chip over 5 years seems to be around 2x that of the AMD chip.
I'd note we've been talking about 32 cores 24/7. If you're using 4 cores and 8 threads, you will be using half the power (about 140 watts). If your system is idling, it's using a bit less than 50 watts.
Let's say you leave your system on 24/7. You work 8 hours, play 4 hours (4 cores, 8 threads constantly running), and it idles the other 12 hours. We'll assume that you somehow max all cores for your entire workday and max 4 cores during play. You'd be well under half that price per month.
Change all-out time to a more reasonable, but still strenuous 4 hours with 8 moderate hours and shutting off your computer at night will get you down to less than $20 per month.
In CA there's also the issue of not having electricity in the first place sometimes though. So power _consumption_ seems kind of secondary.
These chips don't run at a fixed frequency. They dynamically adjust based on thermal limits and power limits.
You only have to burden most of the cores/ALUs to hit maximum power. Any load above that threshold uses the same amount of power, as frequencies nudge down to compensate.
The power limit is configured in the BIOS, and can be disabled, but with these massive chips they default to throttling down and capping power consumption so that you aren't forced to go crazy with the cooling system (and motherboard and PSU capacity).