The peak electric field at a distance of 2m is 2.5V/m, and the discussion revolves around calculating the power of the light source. It is suggested that the power radiates uniformly in all directions, implying it spreads over an expanding sphere. The energy flux S, which relates to the electric field, is referenced as a key concept for solving the problem. Participants express gratitude for helpful resources, including links to educational material. The conversation emphasizes the importance of understanding electromagnetic wave properties in determining power.