Embodiments provide methods, network nodes, and wireless devices for sounding reference signal (SRS) power control in New Radio (NR). According to one aspect, a wireless device (WD) is configured to receive signaling from the network node that identifies a first sounding reference signal, SRS, configuration defining an SRS resource set comprising one or more SRS resources. The WD is further configured to determine a first transmission power intended for SRS transmission, the determining being based at least in part on the first SRS configuration. The WD is also configured to determine a second transmission power for at least one antenna port related to the SRS resource set based on the first transmission power and according to a rule dependent on the first SRS configuration. The WD is also configured to transmit SRS on the at least one antenna port with the second transmission power.