You must have some room for improvement where PC energy efficiency is concerned.
I have the same card as you, and my entire system -- everything plugged into the wall, including the wireless dish (my Internet provider) and router, draws 272 watts (not counting monitor -- though my large 24" LCD monitor only draws 20 watts when it's on)
Oh, and that's with CPU mining on all 4 cores.
I have a Quad Core Sandy Bridge (3.4 GHz -- stock speed, stock cooler). 1 TB Western Digital "green" hard drive, 6 GB DDR3 RAM, and no cards plugged in besides my video card (I'm getting a 2nd card today).
I have a 750W Corsair "80 plus silver" power supply -- that helps. 80 plus gold would be even better for efficiency (but the PSU would be more expensive).
I just took out my Sound Blaster X-Fi card yesterday, which seems to have saved 6 watts. My new PC has a pretty decent on-board sound card. I also disconnected the bright blue LEDs for my Power On and HDD indicator -- they were annoying when trying to sleep at night, plus they probably draw 1 watt between the two of them -- or maybe 1/2 watt. At any rate, they weren't doing anything for me.