A resonant wireless power system includes a source circuit having a source coil, an ac driver with a first resistance, representing the equivalent output impedance of the ac driver, and a matching network. A current probe measures the magnitude signal of the instantaneous source coil current. A voltage probe measures the instantaneous ac driver voltage. A phase detector compares the phase of the instantaneous source coil current and the instantaneous ac driver voltage, and produces a first output signal proportional to the phase difference. A first amplifier compares the magnitude signal and a target signal, and produces an error signal proportional to the difference. A first compensation filter produces the control voltage that determines the ac driver supply voltage. A second amplifier amplifies the first output signal. A second compensation filter produces the control voltage that determines the impedance of a variable element in the source circuit.