A method and apparatus for conversion of high voltage AC to low voltage high current DC without using high voltage capacitors or transformers. A single switch is used to perform both the functions of pre-regulation and switching conversion. An input voltage detector determines when the input power AC is below a predetermined voltage limit. A threshold voltage generator provides a threshold voltage corresponding to the output voltage. A voltage comparator coupled to the input voltage detector and threshold voltage generator enables a pulse generator to activate the switch to gate a number of pulses of the input power below the predetermined voltage limit at predetermined frequency to a transformer. The converter regulates its output voltage by changing the input voltage threshold at which it starts switching, instead of using PWM or other known regulation technique.