A parallel amplifier and a parallel amplifier power supply are disclosed according to one embodiment of the present disclosure. The parallel amplifier power supply provides a parallel amplifier power supply signal, which is adjustable on a communications slot-to-communications slot basis. During envelope tracking, the parallel amplifier regulates an envelope power supply voltage based on the parallel amplifier power supply signal. The parallel amplifier and an offset capacitance voltage control loop are disclosed according to an alternate embodiment of the present disclosure. The parallel amplifier has a parallel amplifier output, which is coupled to an envelope tracking power supply output via an offset capacitive element. The offset capacitive element has an offset capacitive voltage. The offset capacitance voltage control loop regulates the offset capacitive voltage, which is adjustable on a communications slot-to-communications slot basis.