Recently, power awareness in high performance computing (HPC) community has increased significantly. While CPU power reduction of HPC applications using Dynamic Voltage Frequency Scaling (DVFS) has been explored thoroughly, CPU power management for large scale parallel systems at system level has left unexplored. In this paper we propose a power-aware parallel job scheduler assuming DVFS enabled clusters. Traditional parallel job schedulers determine when a job will be run, power aware ones should assign CPU frequency which it will be run at. We have introduced two adjustable thresholds in order to enable fine grain energy performance trade-off control. Since our power reduction approach is policy independent it can be added to any parallel job scheduling policy. Furthermore, we have done an analysis of HPC system dimension. Running an application at lower frequency on more processors can be more energy efficient than running it at the highest CPU frequency on less processors. This paper investigates whether having more DVFS enabled processors and same load can lead to better energy efficiency and performance. Five workload logs from systems in production use with up to 9 216 processors are simulated to evaluate the proposed algorithm and the dimensioning problem. Our approach decreases CPU energy by 7%- 18% on average depending on allowed job performance penalty. Applying the same frequency scaling algorithm on 20% larger system, CPU energy needed to execute same load can be decreased by almost 30% while having same or better job performance.