Abstract: In a production system included in a power modulator for the protection of a load connected to the power modulator, comprising a charging system, a power impulse former, a control arrangement and a pulse transformer with a first protection circuit in the form of a crowbar circuit connected to the input side and the load connected to the output side of the pulse transformer, a second protection circuit is connected to the output side of the pulse transformer between the low potential and the ground potential connections thereof wherein the second protection circuit includes a controlled switch with a resistor arranged in parallel therewith.