This paper presents the dynamic performance analysis and closed-loop design of a new power supply system for a high-current magnet load. This new system introduces a series switch-mode ripple regulator (SMRR) into a phase-controlled rectifier to improve system dynamic response and to reduce the harmonic content in the magnet current. In this paper, the new system control configuration is explained. The small signal dynamic model is established. The function of the SMRR as a speed-up feed-forward path during dynamic transients is assessed. The criteria of the closed-loop regulator design are identified. The theoretical analyses are accompanied by computer simulation and experimental results. The systematical design procedure is outlined by an example which offers better performance than ever reported on high-current magnet power supplies in terms of fast dynamic response (closed-loop bandwidth several kHz) and low harmonic content (less than 10 ppm) in the magnet current.< <ETX xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">></ETX>