I've been having this problem for many years. But my interpretation is that 200W corresponds to the connected load this is not energy consumed.The energy consumed is decided by the current that the load is consuming ie we have to first define power by current & voltage then check the current drawn at a specified voltage this is power in watts. If this is multiplied with hour we will get watt-hour which is nothing but the no of units of electricity billed by the bill collector.
please let me know whether my understanding is correct or not.