A single inductor multiple output SIMO power converter and method are presented. The converter has a single inductor and at least two output terminals which are denoted as first output terminal and second output terminal. The SIMO power converter also has a first switching element and a second switching element. The first switching element is coupled between an output terminal of the inductor and the first output terminal of the SIMO power converter. The second switching element is coupled between the output terminal of the inductor and the second output terminal of the SIMO power converter. The SIMO power converter also has a control circuit to detect an overload condition at the first output terminal, and to generate control signals for controlling the switching of the first switching element and the second switching element based on the detected overload condition.