A power throttling method and system for a memory controller in a computer system comprising a power supply module including a plurality of bulk power supplies (“BPSs”) are described. In one embodiment, each of the at BPSs provides to a power output monitor a status signal indicative of a status thereof. Responsive to receipt of the status signals, the power output monitor determines whether a bulk power supply capacity is below system power requirements. Responsive to a positive determination, the power output monitor drives a throttle control signal to the memory controller to a level indicative of an over-threshold state.