In this work we introduce a new succinct variant of the word problem in a finitely generated group G, which we call the power word problem: the input word may contain powers p^x, where p is a finite word over generators of G and x is a binary encoded integer. The power word problem is a restriction of the compressed word problem, where the input word is represented by a straight-line program (i.e., an algebraic circuit over G). The main result of the paper states that the power word problem for a finitely generated free group F is AC^0-Turing-reducible to the word problem for F. Moreover, the following hardness result is shown: For a wreath product G Wr Z, where G is either free of rank at least two or finite non-solvable, the power word pr...