In accordance with a particular embodiment, a method for managing power consumption includes receiving power rate information and receiving power usage information. The method also includes receiving a plurality of personal preference profiles. Each personal preference profile of the plurality of personal preference profiles is associated with a different user of a plurality of users and includes at least one preferred state associated with a respective user. The method further includes detecting a presence of at least one user within a room. The method additionally includes adjusting at least one state associated with the room based on the at least one preferred state associated with the at least one user within the room, the power rate information, and the power usage information.