A regulated power supply apparatus is provided. The apparatus includes an input power converting circuit for generating a rectified voltage signal, an output power converting circuit comprising a plurality of switching elements, the output power converting circuit coupled to receive the rectified voltage signal, an output power storing element coupled with the output power converting circuit, and an output power bidirectional regulating circuit comprising an integrated circuit coupled with the output power converting circuit, the bidirectional regulating circuit including control signals for operating the switching elements to store power on the output power storing element and to deliver power to an output load from the output power storing element. An integrated circuit controlled regulator circuit is provided for controlling a plurality of switches a boost and buck converter. A method of regulating power supply is also provided.