Kernel task is the core of OS X itself.
The RAM consumption of the Parallels process you mention is the memory being used by the virtual machine, if you assign 2 GB of RAM to it you see that process use up to 2 GB, depending on how the virtual machine uses RAM the value will vary, but the values of around 1GB for a Windows VM are totally normal.
Long story short, your Windows VM is using that RAM.
The slowing down might be related to RAM usage, yes, I don't know how much RAM you have but you might need to quit some apps to use Parallels at a faster speed, also, if the VM is running it will consume CPU also, this is to be expected, you are running 2 operating systems at the same time in the same computer.
Last edited by a moderator: Dec 4, 2013