It'll be faster than a Ryzen 5000 drawing the same amount of power: according to AMD the Ryzen 7000 will be "up to 49 percent"[1] faster at the same power draw.
[1] https://www.pcworld.com/article/918007/amd-launches-ryzen-70...
The official announcement indicated significantly better power efficiency. AMD claims that if you limit both to a 65W TDP, you'll see 74% better performance on the new generation, but that even at full TDP, the efficiency will be higher.
However, I am waiting on the actual reviews... not making multi-year decisions based off of limited, pre-release information. If it is more efficient, then vowing to stick with an older, less efficient product just because it has a lower TDP number on the box doesn't make any sense. Efficiency is the only thing that matters when seeking to avoid a space heater, since the less efficient product will generate more heat for a given amount of work. All of these processors will clock down when idle
https://www.google.com/search?q=ryzen+7000+running+hot&rlz=1...
But, all of this is still irrelevant to efficiency. Running at 230W for 1 second to complete a task would generate less heat / use less electricity than running at 150W for 2 seconds to complete the same task.
But, efficiency is often a curve, and you can supposedly get crazy efficiency by limiting the TDP of Ryzen 7000, so it is an option for those who prize efficiency above maximum performance, and it would still represent an improvement over a Ryzen 5000 at the same TDP. As I said, though, we’ll need to see actual reviews.