I can't pinpoint it directly to the Nov 2019 update, but I am relatively sure since, I use my laptop >90% of the time on cable without battery inserted and I didn't have this problem in times prior to the update and did not have any other major changes.
However, you may be right: I noticed the reduction in performance after the Nov Update, but I can't be sure that the 255% were not shown before... I get the (about) 34% number from the task manager CPU utilization. And yes, I set my windows to run in full
performance mode with or without a battery, but the issue remains until I insert the battery. So, I am not sure if the 255% issue is actually causing my main problem, but it seems related.
Sorry, I know all this sounds strange, confusing and vague. I just wrote this here mainly to see if someone else has this strange issue.