Electrical Power Equation Contradiction

We know that the rate at which electrical work is done (electrical power) is defined as:

P = I²*R

, or:

P = V²/R

The formula P = V²/R implies that if the resistance of an electrical component (R) (for example, a light bulb) is decreased, the power consumption (P) will increase hence the light bulb will grow brighter. But the formula P = I²*R implies that if R is decreased, P is also decreased and the light bulb will get dimmer.

They can't both be right. What is your answer to this apparent anomaly?

Thank you.