A system is provided for conserving energy in an AMOLED display having pixels that include a drive transistor and an organic light emitting device, and an adjustable source of a supply voltage for the drive transistor. The system monitors the content of a selected segment of the display, sets the supply voltage to the minimum supply voltage required for the current content of the selected segment of the display, determines whether the number of pixels requiring a supply voltage larger than the set value is greater than a predetermined threshold number, and, when the answer is negative, reduces the supply voltage by a predetermined step amount.