Power was born in Toowoomba, Queensland. The son of open-wheel racer Bob Power, Will Power started his career in Queensland driving a Datsun 1200 at Morgan Park Raceway, Warwick as well as at Carnel Raceway, Stanthorpe. In 1999 Power began driving an ageing family-owned Swift SC92F in the Queensland Formula Ford Championship, winning races in a sporadic campaign. In 2000 Power ran a full campaign leading to his first title in the Swift while simultaneously racing a late-model Spectrum 07 on the Australian Formula Ford Championship, finishing a promising seventh. Still running a small family-oriented team in 2001, Power upgraded to a Stealth RF95, a Western Australian modification of a 1995 Van Diemen. Power finished second in the series behind the factory-supported Van Diemen driver, Will Davison.