A current mode controlled power converter controllable in a digitally processing current mode even during an on time. In the power converter, each control period based on a reference signal includes a slope calculation period in which a slope compensation signal for the control period is calculated by a slope compensation unit. During each slope calculation period, the slope compensation unit negates the slope compensation signal calculated previous to the control period including the slope calculation period, and a reset signal generation unit compares a current detection signal detected by a current detection unit with a current instruction set to an error signal generated by an error signal generation unit to generate a reset signal.