A power converter circuit converts an AC line signal to a DC signal for powering an organic light emitting diode. The circuit uses only capacitive elements to limit current to the LED. Inductive and resistive elements are not included in the circuit to limit current. The absence of inductive components eliminates electromagnetic interference generated by the circuit and avoids circuit components magnetically coupling to one another. The circuit includes complementary MOSFET switches that alternately conduct to convert the AC line voltage into a DC current for powering the LED.