The present invention relates to a power converter with extremely low standby power consumption. The power converter comprises a rectification module having at least one unilateral switch which has a control terminal, an anode terminal and a cathode terminal. The control terminal is coupled to a control signal, wherein when the control signal issues a first level, the channel between the anode terminal and the cathode terminal is enabled to act as a unilateral switch; and when the control signal issues a second level, the channel between the anode terminal and the cathode terminal is open circuited.