A circuit (10) for controlling the energy delivered to a heater resistor (RH) of a thermal inkjet printhead. The circuit includes a decoder (12) for receiving an address for the heater resistor in a multiplexed environment. When the heater resistor is addressed, the output of the decoder is level shifted through a pair of inverters (24, 26) and transmitted to the gate of a PMOS driver (34) that delivers the energy to the heater resistor (RH). The PMOS driver (34) responds to the voltage level of the adjacent inverter output in setting the level of the driver output voltage that is applied to the resistor (RH). Feedback circuitry in the form of an analog (32) or digital (42) comparator compares the driver output voltage (VOUT) against a reference voltage (VREF). The comparator's output signal is fed back through the level shifter (16) as the inverter output that is applied to the gate of the PMOS driver (34). The inverter output adjusts the driver output voltage so as to maintain the voltage (Vo) across the heater resistor at a level that delivers a desired amount of energy to the heater resistor (RH).