I think the OP’s issue was due to a bug in WindowServer/ProMotion which caused high CPU usage (fixable only by rebooting) when ProMotion was enabled and video was played under certain conditions. It was fixed in a recent update to Monterey.
Incidentally when planning to watch lots of Netflix I turn off ProMotion and manually set the refresh rate to 2x the video’s native framerate (otherwise you get motion artifacts but very few people are aware) or set it to 60 for normal work and it seems to give me even better battery life. I was using this to work around the bug before it was fixed but kept using it afterwards. I also no longer have any issues even with ProMotion enabled.
On the average I get about 4% per hour while streaming videos which is completely unreal.
Incidentally when planning to watch lots of Netflix I turn off ProMotion and manually set the refresh rate to 2x the video’s native framerate (otherwise you get motion artifacts but very few people are aware) or set it to 60 for normal work and it seems to give me even better battery life. I was using this to work around the bug before it was fixed but kept using it afterwards. I also no longer have any issues even with ProMotion enabled.
On the average I get about 4% per hour while streaming videos which is completely unreal.