An electric system that includes a single-phase permanent-magnet electric machine and a control system for driving the electric machine. The control system sequentially excites and freewheels a winding of the electric machine so as maintain substantially constant power over an operating speed range spanning at least 10 krpm and/or an excitation voltage range extending between a minimum voltage and a maximum voltage, the minimum voltage being less than 80% of the maximum voltage. Additionally, a product comprising the electric system.