A retractable power plug applied for an electronic apparatus or an extension outlet is disclosed. The retractable power plug includes a housing, a base, a movable unit and a plurality of prongs. The housing has a space for enclosing the base. The prongs are pluggably disposed on the base. The base is rotatably and movably located in the space. The movable unit is configured to prompt the base to move in the space. The direction of movement of the base is generally parallel with the connection direction of the prongs. So that, the prongs associated with the base is capable of moving up and down in the space.