To activate suspend-to-disk:
Code:
echo 4 > /proc/acpi/sleep
This will save the contents of RAM to disk and powerdown completely. It's the equivalent of what Windows calls hibernation.
For your information, just because you have a 420W power supply doesn't mean that it consumes that much - it just means that it is capable of supplying that amount of power. If you suspended to memory (what Windows calls standby), the power drawn will only be a few watts as the memory will only draw a few milliamps.