This paper presents a cache way enabling mechanism using branch target addresses. This mechanism uses branch prediction information to avoid the power consumption due to unnecessary cache way access by enabling only the cache way(s) that should be accessed. The proposed cache way enabling mechanism reduces the power consumption of the instruction cache by 63% without any performance degradation of the processor. An ARM1136 processor simulator and the Synopsys PrimeTime are used to perform the performance/power simulation and static timing analysis of the proposed mechanisms respectively.