Heat the oil in a heavy-based pot on MEDIUM. Place 2 kernels in the oil. Replace the lid.
Listen for the two kernels to pop then quickly pour in the rest of the kernels. Shake the lidded pot for 30 seconds. Cook until the kernels start popping quickly. Turn down the heat as the popping slows.
Drizzle the melted butter into the pot and then sprinkle over the cheese powder and the shredded cheddar. Toss it all together to coat it. Enjoy.