A control circuit of a power converter and a method therefore are provided. The control circuit comprises an input circuit, an amplifier, a PWM circuit, and a power management circuit. The input circuit is coupled to a transformer to generate a sensing signal related to an output voltage of the power converter. The amplifier generates a feedback signal according to the sensing signal and a reference signal. The PWM circuit generates a switching signal according to the feedback signal for switching the transformer and regulating the output voltage of the power converter. The power management circuit controls the reference signal according to the feedback signal. The power management circuit includes a timer for determining a period, and the output voltage of the power converter decreases while an output power of the power converter is lower than a light-load threshold. A method for controlling the control circuit is also disclosed.