An apparatus and corresponding systems and methods for managing electric power, particularly a transformer system and method. An example apparatus includes a chamber configured to contain plasma. The apparatus includes at least two input electrodes disposed at least partially within the chamber, and configured to receive an alternating current into the chamber. The input electrodes are configured to direct the alternating current to induce motion in the plasma. The apparatus also includes at least two output electrodes extending from the chamber. The output electrodes are configured to conduct a direct current, from the induced motion in the plasma, for delivery from the chamber.