An over-power compensation circuit for use in a switched mode power supply having a current sense circuit for sensing a current flowing through a power transistor of the switched mode power supply. The over-power compensation circuit includes a peak detector, a sample-and-hold circuit, a current offset generator, and an offset resistor. The peak detector has an input for receiving an input voltage derived from the input line, and an output. The sample-and-hold circuit has an input connected to the output of the peak detector, and an output. The current offset generator has an input connected to the output of the sample-and-hold circuit, and an output for providing an offset current. The offset resistor has a first terminal connected to the output of the current offset generator, and a second terminal adapted to be connected to a current conducting electrode of the power transistor.