I dont know why people are facing such battery drainage problems, but recently I updated my Xperia Z from 4.3 to 4.4.4. I was confused after reading all those negative comments about Kitkat 4.4.4 on Xperia Z. But when Sony announced 5.0 Lollipop update is coming for Xperia Z, I took the risk. What I did, first made a factory reset to my phone, then updated it via PC Companion, then again a factory reset. Thats all. And I have not seen any battery drainage problem in my phone till now. It runs flawlessly. So, I advice to update your phone in the same way. I think factory reset before and after the update may solve this problem.