A microprocessor includes functional units and control registers writeable to cause the functional units to institute actions that reduce the instructions-per-clock rate of the microprocessor to reduce power consumption when the microprocessor is operating in its lowest performance running state. Examples of the actions include in-order vs. out-of-order execution, serial vs. parallel cache access and single vs. multiple instruction issue, retire, translation and/or formatting per clock cycle. The actions may be instituted only if additional conditions exist, such as residing in the lowest performance running state for a minimum time, not running in a higher performance state for more than a maximum time, a user did not disable the feature, the microprocessor supports multiple running states and the operating system supports multiple running states.