The present disclosure relates to systems, methods, and computer readable media for enabling server devices to utilize a higher percentage of power resources while maintaining sufficient availability of power resources of a datacenter or other collection of server devices. For example, systems disclosed herein determine and implement power shaving actions based on virtual machine metadata and in accordance with a power shaving policy to facilitate a significantly higher utilization of power resources on a datacenter during normal operation as well as within periods of limited power capacity on various server devices. Systems described herein provide more efficient utilization of power resources while maintaining service availability guarantees for a variety of virtual machines hosted by servers of the datacenter.