Is my psu RIP?

[xTheEc0]

Ignore grammatical errors as Im writing on my phone since my pc is dead-ish.

Long story short:
Was playif gta5, pc turns off. 1 seconds later a moderate volume BANG and a spark or two. I jump and unplug all cables. Stuff smells like burning.
Open up pc, take out gpu - looks ok. Lean in and smell the psu - source oc smell. I think its dead. Noticed that I had to pay almost twice as much for electricity past two months. Was that a sign my psu was dying?

Since Im guessing it's dead, what 700w~ modular psu you guys would recommend?
Location: Europe, Lithuania.

its 1pm. if there are any questions ill answer them im 6~ hours when I wake up.

 

PC specs
PSU: Inter-Tech SL700A AC 230V, 50Hz, 700W
MB: Asus P8P67 LE / Intel P67 / 4 x DIMM DDR3 Dual channel / Expansion: 1 x PCLe 2.0x16(x16)
VGA: PALIT GTX570 PCIE 1280MB GDDR-5 OD
CPU: Intel Core i7-2600k @ 3.4GHz
RAM: 2x Crucial 4GB DDR3 1333 Mhz
HDD: SEA BARRACUDA 1TB SATA3 @ 7.2K RPM
SSD: Corsair Force 3 60GB SATA3. Speed: 550/490 MBs 

[LegacyStijncat]

@xTheEc0, the PSU is PROBABLY dead . You were in luck, it could've gone worse.

Get any PSU from someone like Be Quiet! when in Europe, or someone like EVGA/Corsair when in USA. When in any other continent, search for famous brands of PSU's. Don't get some random Chinese BS.

(Getting something from the same continent is good for the prices of it, remember that!)

 

EDIT: 

[xTheEc0]

PC specs

PSU: Inter-Tech SL700A AC 230V, 50Hz, 700W

MB: Asus P8P67 LE / Intel P67 / 4 x DIMM DDR3 Dual channel / Expansion: 1 x PCLe 2.0x16(x16)

VGA: PALIT GTX570 PCIE 1280MB GDDR-5 OD

CPU: Intel Core i7-2600k @ 3.4GHz

RAM: 2x Crucial 4GB DDR3 1333 Mhz

HDD: SEA BARRACUDA 1TB SATA3 @ 7.2K RPM

SSD: Corsair Force 3 60GB SATA3. Speed: 550/490 MBs

[xTheEc0]

Im on phone so i cant even find the edit button. And I was typing so didint see you reply ...

What excatcly do i look fir in a psu when i go to buy it tomorow morning? 80+ gold and modular bequiet?

[Slash003]

I'll reccommend a PSU that I use EVGA NEX750G. Its gold 80 plus rating and modular 750w. Its 60-80 bucks

[xTheEc0]

I'll reccommend a PSU that I use EVGA NEX750G. Its gold 80 plus rating and modular 750w. Its 60-80 bucks

Just checked some of my country's retailers. They dont even have evga... all bequiet psu's are non modular... 

So i think im going with corsair cx750 80+ bronze modular. 

Thank you guys for help support and tips : )