A method is provided for operating at least one LED by a switched-mode regulator circuit to which a DC or a rectified AC voltage is supplied and which provides a supply voltage for at least one LED by a coil and a switch clocked by a control/regulation unit. When the switch is activated, power is temporarily stored in the coil and is discharged through a diode and through at least one LED when the switch is deactivated and the current flows through the LED through a first power storage element which is coupled to a second power storage element. The first power storage element just reaches its maximum capability of storing power due to the current flowing through the LED. A rising current is supplied to the second power storage element such that the time can be detected when the first power storage element recovers its capability of storing power.