A system and method for a compressor may include an inverter drive connected to the compressor that receives electric power and modulates a speed of the compressor by modulating a frequency of the electric power. A control module connected to the inverter drive monitors compressor power data and compressor speed data from the inverter drive, and calculates a saturated condenser temperature of a refrigeration system associated with the compressor based on the compressor power data and the compressor speed data.