A power supply unit is adapted to automatically switch its operational mode between a light load mode and a heavy load mode depending on the level of its output current. The unit has a first error amplification circuit for controlling a first output circuit in the heavy load mode, and a second error amplification circuit for controlling the second output circuit in the light load mode. The first and the second output circuits are controllably enabled and disabled in the opposite manner based on the level of the output current. Thus, the unit can operate on a reduced consumption current with an improved transient response when operating in the light load mode.