In this paper, we derive an accurate power model for video streaming which we condense to the essential components contributing the most to the overall power consumption. As a use case, we choose mobile devices on the receiver side performing video streaming in broadcasting or end-to-end scenarios. In modeling, we consider the complete video streaming toolchain, which mainly consists of data acquisition, video processing, display, and audio handling. We compose an overall power model with the help of models from the literature and propose a dedicated feature selection approach to reveal the most important factors related to power consumption. The resulting models achieve mean estimation errors below 7.61%. Results from feature selection indicate that the display brightness, the bitrate, and the frame rate have the highest impact on the power consumption.