In capacitive human body communication (HBC), the close environment strongly influences the signal return path. Many studies often overestimate the path loss due to the use of bulky measuring instruments that create parasitic return paths. Additionally, in the few cases where wearable battery‐powered HBC devices are employed, the impact of factors such as inter‐electrode distance, body constitution of the test subject, electrode‐to‐skin contact, and so on, on the power path loss is not consistently examined. In this paper, we present the design of a wearable battery‐powered HBC transmitter and receiver that enable a realistic estimation of the power path loss. We also investigate the impact of inter‐electrode distance, body constitution, posture and pressure of electrode‐skin contact. The transmitted and received voltages are first estimated using a single frequency discrete Fourier transform algorithm. The power path loss is then deduced using preliminary measured impedances of the transmitter–receiver and electrodes. Matching networks on the transmitter and receiver side are added to optimize the power path loss. Measurements indicate that for a 20 cm inter‐electrode distance, the path loss is approximately −37 dB at 21 MHz (IEEE 802.15.6 HBC frequency). Moreover, the inter‐electrode distance significantly impacts path loss, with a variation of over 10 dB measured for distances ranging from 20 to 100 cm. Additionally, body constitution moderately influences path loss, with a variation of less than 4 dB observed across six subjects. Body posture and electrode‐skin contact pressure significantly affect path loss, with measured differences of 4.5 dB between standing and sitting on the floor positions and between strong and soft contact. The impact of modifying the transmission frequency has also been studied, showing a path loss variation of approximatively −3 dB between 42 and 21 MHz.