This paper presents refinements to the execution-cache-memory performance model and a previously published power model for multicore processors. The combination of both enables a very accurate prediction of performance and energy consumption of contemporary multicore processors as a function of relevant parameters such as number of active cores as well as core and Uncore frequencies. Model validation is performed on the Sandy Bridge-EP and Broadwell-EP microarchitectures. Production-related variations in chip quality are demonstrated through a statistical analysis of the fit parameters obtained on one hundred Broadwell-EP CPUs of the same model. Insights from the models are used to explain the performance- and energy-related behavior of the processors for scalable as well as saturating (i.e., memory-bound) codes. In the process we demonstrate the models' capability to identify optimal operating points with respect to highest performance, lowest energy-to-solution, and lowest energy-delay product and identify a set of best practices for energy-efficient execution.