Electric power is the rate at which electrical energy is transferred by an electric circuit — the amount of energy consumed or produced per unit time.

The fundamental definition of electric power is:
Since the energy transferred to a charge by a potential difference is , and current :
Using Ohm's Law (), two further equivalent forms are derived:
In terms of current and resistance:
In terms of voltage and resistance:
When current flows through a resistor, electrical energy is converted into heat. This is called Joule heating or power dissipation. The electrical energy dissipated over time is:
SI Unit of Power: The Watt (W). It is a Derived Unit→.
Commercial Unit of Energy: Electrical energy is commercially sold in Kilowatt-hours (kWh). One kWh is the energy consumed by a 1 kW device operating for one hour.
| Concept | Formula(s) | SI Unit |
|---|---|---|
| Power | Watt (W) | |
| Energy | Joule (J) or kWh |
Problem: Calculate the monthly cost of using a 50 W light bulb for 8 hours daily, if electricity costs Rs. 20 per kWh. Assume a 30-day month.
Solution:
Total operating time:
Total energy consumed:
Total cost: