Even  today much logic is still powered from 5 volts and it then seems  obvious to power the circuit using a standard regulator from a  rectangular 9-V battery. A disadvantage of this approach is that the  capacity of a 9-V battery is rather low and the price is rather high.  Even the NiMH revolution, which has resulted in considerably higher  capacities of (pen-light) batteries, seems to have escaped the 9-V  battery generation. It would be cheaper if 5 volts could be derived from  6 volts, for example. That would be 4 ‘normal’ cells or 5 NiMH- cells.  Also the ‘old fashioned’ sealed lead- acid battery would be appropriate,  or two lithium cells. 
Circuit diagram :  
Low-drop Regulator with Indicator Circuit Diagram  
Using  an LP2951, such a power supply is easily realised. The LP2951 is an  ever- green from National Semiconductor, which you will have encountered  in numerous  Elektor Electronics designs already. This IC can deliver a  maximum current of 100 mA at an input voltage of greater than 5.4 V. In  addition to this particular version, there are also versions available  for 3.3 and 3 V output, as well as an adjustable version.  In this  design we have added a battery indicator, which also protects the  battery from too deep a discharge. As soon as the IC has a problem with  too low an input voltage, the ERROR output will go low and the regulator  is turned off via IC2d, until a manual restart is provided with the  RESET pushbutton. 
The  battery voltage is divided with a few resistors and compared with the  reference voltage (1.23 V) of the regulator IC. To adapt the indicator  for different voltages you only need to change the 100-k resistor. The  comparator is an LP339. This is an energy-friendly version of the LM339.  The LP339 consumes only 60 µA and can sink 30 mA at its output. You can  also use the LM339, if you happen to have one around, but the current  consumption in that case is 14 times higher (which, for that matter, is  still less than 1 mA). 
Finally,  the LP2951 in the idle state, consumes about 100 µA and depend- ing on  the output current to be deliv- ered, a little more. 
Source by : Streampowers