I did small practical investigation, as was interested in this question also.
So if I have two PSU 750W each, so we have cases:
- Load balance, double power configuration. Dell allow them to work in parallel and total power will be double. The
Power Monitoring will indicate:
Power Supply Redundancy - Disabled
1974 Watts - Failure Threshold
Power Supply Unit Readings
PS2 0.6 240
PS1 0.6 240
To achieve this, both PSU must be powered and Overview > Power/Thermal > Power Configuration > Power Configuration
Redundancy Policy should be set Not Redundant
I suspect that Max power, Failure Threshold is in peak Watts, as nominal power would be 1500W
Assumption two, that setting Hot Spare will have no practical effect, as removal of power from one of PSU when system power consumption is more that single PSU can handle, results in server power off.
- Single PSU failure resistant, load balance configuration.
To achieve this, both PSU must be powered and Overview > Power/Thermal > Power Configuration > Power Configuration
Redundancy Policy should be set Input Power Redundant
The Power Monitoring will indicate:
Power Supply Redundancy - Full
980 Watts - Failure Threshold
Power Supply Unit Readings
PS2 0.6 240
PS1 0.6 240
This means both PSU are in use in parallel, handle half the server power load.
I would say its beneficial in case when you put PSU load point at good efficiency point, when 2 PSU work in highest efficiency range, still in case of failure, one can handle the load, but out of best efficiency range defined for that PSU.
- Hot Spare configuration.
To achieve this, both PSU must be powered and Overview > Power/Thermal > Power Configuration > Power Configuration
Redundancy Policy should be set Input Power Redundant
Hot Spare set to Enabled
The Power Monitoring will indicate:
Power Supply Redundancy - Full
980 Watts - Failure Threshold
Power Supply Unit Readings
PS2 0 240
PS1 1.2 240
As my system power draw is quite small, PSU in load balance configuration work not in optimal efficiency range, thus in my scenario single PSU working in more efficient range and second PSU in standby (power saving) is resulting in around 10% less Total power consumption from outlet. Thus more energy efficient.