A method for adjusting transmit power of a serving base station in a wireless communication system is provided. The method includes receiving measurement information indicating channel states of the serving base station and at least one neighbor base station from at least one serving user equipment (UE), receiving first information including information about transmit power of the at least one neighbor base station from the at least one neighbor base station, and determining the transmit power of the serving base station using the measurement information and the first information.