An oscillator applied to a control circuit of a power converter includes a compensation module and an oscillation module. The compensation module outputs or sinks an adjustment current according to a compensation voltage corresponding to a load, a direct current voltage of a primary side of the power converter, and a reference voltage. The oscillation module outputs a clock signal according to the compensation voltage, a control voltage, and the adjustment current. The control circuit generates a gate control signal to a power switch of the primary side according to the clock signal. When the compensation voltage is less than a first predetermined voltage, a frequency of the gate control signal is a first fixed value, and when the compensation voltage is between the first predetermined voltage and a second predetermined voltage and greater than the second predetermined voltage, the frequency is varied with the compensation voltage.