A method and apparatus for signaling power information in a wireless communication system are provided. A base station apparatus co-schedules a plurality of User Equipments (UEs) to at least one resource element, and transmits power information indicating transmit power values, which are allocated for the co-scheduled UEs, to the co-scheduled UEs. The power information includes first power information including information about a pilot signal power value and a transmit power value for a first UE among the co-scheduled UEs, and second power information indicating a transmit power value for each of at least one second UE except for the first UE among the co-scheduled UEs.