A system and method for real-time power management are provided. The system can include one or more lights, one or more light controllers, one or more meters to detect power demand of a building, and a central controller to modify the light output of the lights responsive to the detected power demand. The system can interface with other utility controls to manage the total power demand of the building on a real-time basis. The light controllers can provide individual metering of the lights for use by the central controller.