I had a similar issue with my Dell Inspiron 5150 which was rated for 3.2 GHz and runs at 1.6 GHz; half the speed. Dell tech support helped solve this problem once. Since then, the speed is back to 1.6 GHz no matter what the power management settings are. Repeated attempts failed to solve this issue and finally, I just decided to give up and live with it.
Not very encouraging, but some information about the Inspiron.