However, in the EU this 1) isn't a regular occurrence, and 2) the grid has a tiered system for load shedding. I can't find a reference for the tier classifications right now, but if I remember correctly: tier 1 consumers (the ones who will be disconnected first) are heavy industries with huge power draw, tier 2 are other commercial uses, tier 3 is residential, and tier 4 is critical infrastructure (emergency services).
I don't think I've ever experienced a load shedding event that affected residential areas. There have been local blackouts but I don't recall any grid-wide emergency events.