Systems and methods are provided that facilitate dynamic load shedding control in an industrial environment in accordance with one or more production goals provided by a user. One or more production goals for system of industrial load devices (e.g., target product output, desired maximum peak energy demand, and the like) can be provided to a policy engine, which generates goal-based criteria in a standardized format based on the production goals. The goal-based criteria can be provided to a load modulation component, which uses the criteria to calculate load shed priorities for respective load devices on the system designed to ensure that the one or more specified production goals are achieved. The load modulation component can also generate a load shed schedule or load shed criteria used to determine when or under what conditions load shedding is to be initiated in order to achieve the one or more production goals.