STEP Cube Lab (Cube Laboratory for Space Technology Experimental Project) is a 1U standardized pico-class satellite. Its main mission objective is an on-orbit verification of five fundamental core space technologies. For assuring a successful missions of the STEP Cube Lab with five payloads, electrical power subsystem (EPS) shall sufficiently provide an electrical power to payloads and bus systems of the satellite during an entire mission life. In this study, a design process of EPS system was introduced including power budget analysis considering a mission orbit and various mission modes of the satellite. In conclusion, adequate EPS hardware in compliance with design requirements were selected. The effectiveness and mission capability of EPS architecture design were confirmed through an energy balance analysis (EBA).