In recent high-performance superscalar processors, the result value of an instruction is predicted to improve instruction-level parallelism by breaking data dependencies. Using those predicted values, instructions are speculatively executed and substantial performance can be gained. It, however, requires additional power consumption due to the frequent access and update of the value prediction table. In this paper, first, the trade-off between the performance improvement and the increased power consumption for value prediction is measured and analyzed. And, in order to reduce additional power consumption without performance loss, the technique of controlling speculative execution with confidence counter and predicting useful instructions is developed. Also, in order to prove the validity, a tool is developed that can simulate processor behavior at cycle-level and measure total energy consumption and power consumption per cycle.