A Hybrid Price-based Demand Response Program for the Residential Micro-grid Houman Jamshidi Monfared a , Ahmad Ghasemi a , Abdolah Loni b , Mousa Marzband b a Dept. of Electrical and Computer Engineering, Jundi Shapur University of Technology, Dezful, Iran b Dept. of Maths, Physics and Electrical Engineering, Northumbria University Newcastle, Newcastle upon Tyne NE1 8ST, UK Abstract During the past two decades, focusing on providing solutions to boost the ef- ficiency of power systems, as well as optimal consumption management has been attracting a good deal of attention. Demand Response (DR) programs, as the main part of Demand Side Management(DSM), have always been among the appropri- ate ways to persuade consumers to alter consumption patterns. In the main, the implementation of DR programs is carried out by price-based and incentive-based strategies. In this paper, first, a brief overview of the smart grid principles on re- tail electricity pricing is presented. Then, a hybrid price-based demand response (HPDR) for a residential Micro-grid is proposed, which is more adaptable to pricing principles compared to other existing models. Moreover, to increase the accuracy of the proposed model, the uncertainty regarding decision variables and parame- Email address: aghasemi@jsu.ac.ir Corresponding author (Ahmad Ghasemi) Preprint submitted to Journal of Cleaner Production March 3, 2019