Thermoelectric power sensors can now be used as transfer standards, instead of bolometers, in the microcalorimeter technique. This alternative has the technical advantages to be less sensitive to absolute temperature and not downward frequency limited. At INRiM the high frequency power standards are now based on coaxial thermocouples from dc to 34 GHz. Modified commercial thermocouple mounts in 7 mm and 3.5 mm coaxial line are used to realize the national power standard with an accuracy ranging from 0.03 % to 1 % in the mentioned frequency range.