An ideal power supply maintains a constant voltage at its output terminals under all operating conditions. The output voltage of a practical power supply changes with load generally dropping as load current increases as shown in fig. 1.

Fig. 1
The terminal voltage when full load current is drawn is called full load voltage (VFL). The no load voltage is the terminal voltage when zero current is drawn from the supply, that is, the open circuit terminal voltage.
Power supply performance is measured in terms of percent voltage regulation, which indicates its ability to maintain a constant voltage. It is defined as

The Thevenin's equivalent of a power supply is shown in fig. 2. The Thevenin voltage is the no-load voltage VNL and the Thevenin resistance is called the output resistance Ro. Let the full load current be IFL. Therefore, the full load resistance RFL is given by


Fig. 2
From the equivalent circuit, we have

and the voltage regulation is given by
It is clear that the ideal power supply has zero outut resistance.