A variable frequency motor drive comprises a converter including a rectifier having an input for connection to an AC power source and converting the AC power to DC power. A DC bus is connected to the rectifier circuit. At least one bus capacitor is across the DC bus. An inverter receives DC power from the DC bus and converts the DC power to AC power to drive a motor. A controller is operatively connected to the converter. The controller comprises a speed control controlling the inverter responsive to a speed command to maintain a desired motor speed. A speed foldback control measures DC bus ripple voltage and regulates the speed command responsive to the measured DC bus ripple voltage.