This may seem like a fairly sterile subject - but you may well be amazed at the implications and ramification.
![]() |
![]() |
| Circuit 1 | Circuit 2 |
![]() |
![]() |
| Circuit 3 | Circuit 4 |
Circuit 1 has the reference zener in the emitter of the error amplifier. Circuit 2 has the reference zener in the base.
The voltage of circuit 1 will be

and the voltage of circuit 2 will be
which may be less than useful as it relies on the value of the current source.

Now this can be quite useful - if you want a tripped power supply. See Switched Power Supplies where this is the basis of the third circuit.
Notice also that the term (Vz-Vbe) occurs in the formula. If you chose the zener diode correctly, its temperature coefficient can broadly cancel out the tempco of the transistor and the output voltage will be better stabilised against ambient temperature changes.
No formula here as the output voltage if Vz, more or less. The emitter voltage of Tr2 will be Vbe less than Vz and the output will be stable one diode voltage above that.
Adding the extra diode D2 is interesting: with it present a re-entrant
power supply can be built. See Simple regulated power supply with overcurrent
trip for a practical circuit. In this, the circuit has been turned on its
head, to stabilize the negative rail, so uses a PNP series pass instead
of an NPN, and it also uses a Darlington transistor instead of the single
pass transistor here, but it's the same configuration. [an error occurred
while processing this directive]