Provided are a digitally controlled oscillator and an electronic device including the digitally controlled oscillator. The digitally controlled oscillator includes a digital control unit and a power control oscillation unit. The digital control unit compensates for a difference between a feedback signal of an output power and a reference power set based on an input digital control signal and outputting an output power. The power control oscillation unit receives a signal related to the output power, and generates an output clock having an oscillation frequency in response to the signal related to the output power.