Approaches for estimating power consumption of a circuit based on a circuit design. For one or more modules of the design, data are input that indicate measured power consumption and circuit resources used by the one or more modules. For one or more other parts of the design, values of parameters are input that specify an operating speed and a resource count. Process-corner, voltage, and temperature values are input. An estimated level of power consumption is determined as a function of the measured power consumption, the values of the parameters, and the values of the process-corner, voltage, and temperature. Data indicative of the estimated level of power consumption are output.