Exemplary embodiments provide a system, method and apparatus for regulating current in loads, such as in an array of independent pluralities of light emitting diodes (“LEDs”). An exemplary system comprises a multiplexer adapted to switch current to each independent string of LEDs; a first controller to maintain a substantially constant average current level to the plurality of LEDs; and a second controller to modulate a current amplitude and duration of time division multiplexing for each independent string of LEDs. Another aspect of the system provides for modulating the on time for switching current to maintain a substantially constant average current level and to respond and converge quickly to changing current reference levels.