Yes - you don't necessarily need to know the current (Amps) that runs through an electrical appliance (bulb, fridge, computer, etc.) in order to find how much energy per time (power, Watts) the appliance is consuming. Just knowing the voltage (Volts) is not enough, though. But if you know the resistance (Ohms) of the appliance AND the voltage across it, you can use Ohms' law, voltage = resistance*current to first find the current and then you can find the power from, power=voltage*current.
(published on 10/31/2009)