A control circuit is configured to control a power factor correction (PFC) pre-regulator including a power switch and being configured to operate in a transition mode of operation and a valley-skipping mode of operation. The control circuit generates a drive signal to control a switching of the power switch based on a current threshold. A current threshold generator in the control circuit is configured to modulate the current threshold as a function of a number of valleys skipped in the valley-skipping mode of operation.