A circuit and corresponding method for reducing standby power and improving no-load to full-load regulation for ringing choke converters by maintaining a reduced duty cycle, with longer off time at no-load, while maintaining the output voltage swing closer to the full-load level. This reduced duty cycle prevents the output voltage from swinging high with respect to the full-load level, thereby providing good no-load and full-load output regulation in open feedback loop systems. The circuit and method provides very low no-load switching frequency and duty cycle by increasing the off time of the main switch through use of a turn off transistor driven by a zener diode, thereby maintaining conduction even with a very small control current and prolonging the off time of the main switch. The circuit and method achieves the benefits preferably using only less costly basic discrete converter components instead of more costly integrated circuits.