An electronic device includes a plurality of loads, at least one processor, a plurality of regulators configured to adjust a voltage of power received from a power source and output the adjusted power, and a switching circuit configured to connect at least one of the plurality of regulators to at least one of the plurality of loads. The at least one processor is configured to identify a load to which power is to be supplied among the plurality of loads, select at least one regulator among the plurality of regulators connectable to the identified load, and control the switching circuit to connect the at least one selected regulator to the identified load.