Do a search for Plundervolt. This latest security vulnerability has forced Intel to disable CPU voltage control. By setting one specific bit in the CPU during boot up, no more voltage adjustments while in Windows.
A sad day for all Intel laptop owners. No more turbo ratio adjustments either when this bit is set. HP seems to be the first one installing this, either through a bios update or a micro code update. Intel created this update so unless you block updates, everyone, sooner or later will get this.
Desktop boards typically have their own voltage control so should be safe, for the moment.
To go back to a previous microcode version, try replacing the file, mcupdate_GenuineIntel.dll with an older version to get voltage control back. After you replace this file, reboot and look in the FIVR window on the right hand side. Beside the PowerCut feature it will show you what microcode version the CPU is currently using.
You can find this microcode update file in this folder
C:\Windows\System32
If the microcode update is baked into the bios, you will not be able to go back to the previous microcode version using this trick. Instead, you will need to try and find and install the previous bios version.