The pixel detector of the CMS experiment will be exchanged during the year-end technical stop in 2016/2017, as part of the experiment's Phase-1 upgrade. The new device will feature approximately twice the number of readout channels, and consequently the power consumption will be doubled. By moving to a DC-DC conversion powering scheme, it is possible to power the new pixel detector with the existing power supplies and cable plant.The power system of the Phase-1 pixel detector is described and the performance of the new components, including DC-DC converters, DC-DC converter motherboards and various power distribution boards, is detailed. The outcome of system tests in terms of electrical behaviour, thermal management and pixel module performance is discussed.