When in a hover, the air has more time to setup into an induced wash from further upwards that translates into higher down flow speed by the time the induced wash reaches the plane of the rotor. When in translational flight, the rotor is continuously moving into clean air, so the down flow speed by the time the air reaches the plane of the rotor is less than that of a hover. Power equals force times speed, in this case consider the power output to the air. In both cases, the force is the same (equal to the weight of the helicopter), but in a hover, the down wash speed through the plane of the rotor is greater than during translational flight, so the required power in a hover is greater than in translational flight, until the translational drag becomes an issue.
Another issue is tip vortices. In a hover, these can get quite large, again due to all the time for the vortices to set up and the rotor tips moving into the vortices induced by the other rotor tip(s). In translational flight, the vortices are "washed" off by the relative horizontal wind, reducing the size of the tip vortices.