A hierarchical power verification system and method creates abstract models of power behavior of modules that it successfully verifies. The abstract models simplify the module definition by omitting internal module details but provide sufficient information for power verification of higher level modules that incorporate this abstracted module. Design blocks are replaced with these abstract power models, resulting in reduced run-time and memory requirements. The power models can include power switches inside the block, related supplies of logic ports, supply power states, system power states, power management devices such as isolation logic and level shifters, feed-through and floating ports. The power model may be expressed either in UPF or as a combination of liberty model and UPF. After replacing modules with abstracted models the HPVS can quickly verify an entire SoC with a small memory footprint. When a user modifies a module, the HPVS need only verify the changed module and related modules at higher levels of module hierarchy.