freundy
Do you think there will ever be an actual driver update to address this waste of power or will we always be forced to use 3rd party software to do it?
Probably not, it's been like this for a very long time now. You will need to use 3rd party software.
This is in the NVIDIA driver release notes:
GPU Runs at a High Performance Level (full clock speeds) in Multi-display Modes:This is a hardware limitation with desktop and older notebook GPUs, and not a software
bug. When multiple displays are connected and active, the GPU will always operate with
full clock speeds in order to efficiently drive multiple displays–even when no 3D
programs are running.