Microgrids rely on energy management levels to optimally schedule their components. Conventionally, the research in this field has been focused on the optimal formulation of the generation or the demand side management separately without considering real case scenarios and validated only by simulation. This paper presents the power scheduling of a real site microgrid under a price-based demand response program defined in Shanghai, China managing generation and demand simultaneously. The proposed optimization problem aims to minimize operating cost by managing renewable energy sources as well as shiftable loads considering the preferred time of use. The proposal has been tested experimentally in a laboratory prototype.