A controlled oscillation modulator includes a comparator and a power amplification stage for pulse modulation, and a higher order oscillating loop comprising first feedback means (21) and first forward means (22) securing stable oscillating conditions. The modulator is characterized by current measurement means, arranged to measure a value (iL) of a current supplied by said power amplification stage to a load (5) connected to the modulator, said measured value being supplied to said first feedback means (21), wherein said first feedback means (21) has a transfer function adapted to generate said first feedback signal based on said measured value (iL), and said first forward means (21) has a transfer function adapted to generate said modulating signal based on said first feedback means and an input signal (Vi). Applications are general DC-DC and DC-AC power conversion with inductive loading. In a preferred embodiment the system implements a precision transconductance amplifier by a current feedback. In a futher preferred embodiment the controlled oscillation modulator implements a precision voltage power amplifier for audio amplification purposes.