A method for estimating component power usage using aggregate power usage data are provided in the illustrative embodiments. A power estimation model is received, the model correlating a factor of the component with an aggregate power consumption of a set of components during a period, the component being a member of the set of components, the component being a hardware device operating in the data processing environment and consuming electrical power, the factor being a characteristic of the component related to the consumption of the electrical power in the component. A value of the factor at a determined time is received. The value of the factor is applied to the power estimation model to generate an estimate of electrical power consumed by the component. The estimate is output as the estimated power usage of the component when the factor attains the value.