diff --git a/components/usage/pkg/controller/controller.go b/components/usage/pkg/controller/controller.go
index 8a6ae3189e0213..6ecbcffba41dcb 100644
--- a/components/usage/pkg/controller/controller.go
+++ b/components/usage/pkg/controller/controller.go
@@ -26,23 +26,38 @@ type Controller struct {
 
 	scheduler *cron.Cron
 
+	jobs        chan struct{}
 	runningJobs sync.WaitGroup
 }
 
 func (c *Controller) Start() error {
 	log.Info("Starting usage controller.")
+	// Using channel of size 1 ensures we don't queue up overly many runs when there is already 1 queued up.
+	c.jobs = make(chan struct{}, 1)
+
+	go func() {
+		// Here, we guarantee we're only ever executing 1 job at a time - in other words we always wait for the previous job to finish.
+		for range c.jobs {
+			c.runningJobs.Add(1)
+			defer c.runningJobs.Done()
+
+			err := c.reconciler.Reconcile()
+			if err != nil {
+				log.WithError(err).Errorf("Reconciliation run failed.")
+			} else {
+				log.Info("Completed usage reconciliation run without errors.")
+			}
+		}
+	}()
 
 	err := c.scheduler.AddFunc(fmt.Sprintf("@every %s", c.schedule.String()), cron.FuncJob(func() {
 		log.Info("Starting usage reconciliation.")
 
-		c.runningJobs.Add(1)
-		defer c.runningJobs.Done()
-
-		err := c.reconciler.Reconcile()
-		if err != nil {
-			log.WithError(err).Errorf("Reconciliation run failed.")
-		} else {
-			log.Info("Completed usage reconciliation run without errors.")
+		select {
+		case c.jobs <- struct{}{}:
+			log.Info("Triggered next reconciliation.")
+		default:
+			log.Info("Previous reconciliation loop is still running, skipping.")
 		}
 	}))
 	if err != nil {
@@ -60,7 +75,10 @@ func (c *Controller) Stop() {
 	// Stop any new jobs from running
 	c.scheduler.Stop()
 
+	close(c.jobs)
+
 	log.Info("Awaiting existing reconciliation runs to complete..")
 	// Wait for existing jobs to finish
 	c.runningJobs.Wait()
+
 }
diff --git a/components/usage/pkg/controller/controller_test.go b/components/usage/pkg/controller/controller_test.go
index b639dfa5abdcdd..12026aeaa92130 100644
--- a/components/usage/pkg/controller/controller_test.go
+++ b/components/usage/pkg/controller/controller_test.go
@@ -6,6 +6,7 @@ package controller
 
 import (
 	"github.com/stretchr/testify/require"
+	"sync/atomic"
 	"testing"
 	"time"
 )
@@ -26,6 +27,23 @@ func TestController(t *testing.T) {
 	ctrl.Stop()
 }
 
+func TestController_PreventsConcurrentRunsOfReconcilerFunc(t *testing.T) {
+	schedule := 1 * time.Second
+	count := int32(0)
+
+	ctrl, err := New(schedule, ReconcilerFunc(func() error {
+		atomic.AddInt32(&count, 1)
+		time.Sleep(3 * time.Second)
+		return nil
+	}))
+	require.NoError(t, err)
+
+	require.NoError(t, ctrl.Start())
+	time.Sleep(schedule + 2*time.Second)
+	require.Equal(t, int32(1), count, "must trigger reconciler function exactly once")
+	ctrl.Stop()
+}
+
 func TestController_GracefullyHandlesPanic(t *testing.T) {
 	ctrl, err := New(20*time.Millisecond, ReconcilerFunc(func() error {
 		panic("pls help")