Improved power management techniques for computer-readable storage devices are described. In one embodiment, for example, an apparatus may comprise a plurality of logical storage devices and a controller to manage operations of the plurality of logical storage devices, the controller comprising a configuration component to configure a global power consumption threshold defining an overall power consumption budget for the plurality of logical storage devices, a tracking component to maintain a global power consumption tally comprising an estimated total power consumption level for the plurality of logical storage devices, and an arbitration component to resolve an operation request based on the global power consumption threshold and the global power consumption tally. Other embodiments are described and claimed.