The Rod of Power is carved from wood and inlaid with runes of ruby and jet. A nimbus of multi-coloured light plays about it when it is in the hands of a wizard. The Rod of Power is capable of storing power drawn from the winds of magic.
Source: Warhammer Armies Project: Unofficial 9th Edition
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Arcane Item30 points
At the end of each magic phase (yours and enemy's), you can save up to three unused power/dispel dice from the pool and store them in the rod. At the beginning of each successive magic phase (yours and enemy's), roll a dice. If the result is equal or higher to the number of dice stored, add them to the power/dispel dice pool, if the result is lower than the number of dice stored, they are lost.