Even that might well be stretching things, as the way that the Kalkhoff drive works means that the power varies wildly from one pedal stroke to the next, as the torque sensor power demand changes. One thing we do know is that many (perhaps most) ebikes that are approved to EN15194 (k-ching....£££ !) run at continuous power levels far in excess of the notional 250W. A look here:
http://www.pedelecs.co.uk/forum/electric-bicycles/13377-approved-ebike-list-35.html#post162420 may help explain why.
One side effect of this is that reducing power by, say, 20%, may not actually get down to anywhere near 200W "continuous rated power" as required by UK law. I believe that, in the case of the Panasonic drive, changing the power assist level doesn't change the power, as such, either, but rather changes the motor torque assist threshold level. Arguably this is similar to changing the power in some respects, but in practice I suspect that the little motor may well still be kicking out 300 to 400W when trying to climb steep hills. It's hard to be sure, because of the pulsating nature of the drive system measuring electrical input power isn't easy, and measuring mechanical output power at the motor is near-impossible.