An arc welding power source supplies a start current, a welding current and a crater current as an output current in accordance with an activating signal supplied from outside. The power source includes a start period setting unit, a crater period setting unit, and a current control unit that controls the output current. The current control unit causes the power source to supply the start current and the welding current consecutively while the activating signal is in an on-state, where the start current is supplied for the start period, and the welding current is supplied for the period following the start period. The current control unit also causes the power source to supply the crater current after the activating signal is turned off, where the crater current is supplied for the crater period.