In physics, power is defined as the rate of transfer of energy. Electromagnetic waves (like any other wave) transfers energy from one location to another. read more
For electromagnetic waves this is usually quantified as the Poynting vector which gives you the power per unit area. The magnitude of the Poynting vector depends on the electric and magnetic fields that the electromagnetic radiation is composed of. read more
Electromagnetic radiation is a transverse wave, meaning that its oscillations are perpendicular to the direction of energy transfer and travel. The electric and magnetic parts of the field stand in a fixed ratio of strengths in order to satisfy the two Maxwell equations that specify how one is produced from the other. read more