As the major power consumer in buildings, Heating, ventilation and air conditioning (HVAC) systems can significantly contribute to the economical operation of the power system during the peak periods in summer or winter, by flexibly responding to the grid demands. Indoor air temperature set-point resetting is a typical passive demand response (DR) control strategy that have potentials to be widely implemented by inverter air conditioners in residential buildings. However, in the existing small and medium-size public buildings, the compressor motor of HVAC systems mostly does not allow for stepless speed changes. This means that the indoor temperature set-point resetting strategy may results in frequent on/off switching of the chiller plant, leading to a compromised lifespan. Although rooftop photovoltaic systems (PVs) are expected to be widely adopted in new buildings, their potential for peak load shaving or valley load filling has received limited investigation. This study proposes a grey-box model-based demand side management (DSM) method for variable air volume systems (VAVs) and rooftop PVs in public buildings. The DSM method utilizes the particle swarm optimization (PSO) algorithm to determine optimal indoor air temperature and/or evaporator outlet water temperature set-point schedules for the VAVs, as well as optimal charging/discharging schedules for the storage battery of rooftop PVs. This approach aims to reduce the peak power demands of the integrated system without causing severe thermal discomfort, increasing chiller mechanical costs (refers to frequent on/off switching of the chiller plant in this paper), or overcharging/over-discharging of storage batteries. The results of case studies demonstrate that the strategy of co-resetting indoor air temperature – evaporator outlet water temperature set-points outperforms the indoor air temperature set-point resetting strategy in terms of both peak power demands reduction and mechanical cost saving when applied to the VAVs in low performance buildings. In comparison, for the VAVs installed in normal buildings, both the strategies yield significant decreases in peak power demands and mechanical cost by fully utilizing the thermal capacity of the building internal thermal mass. Furthermore, by implementing the DSM method for rooftop PVs, the integrated system can achieve zero or near-zero net power demands during the DR periods. The proposed DSM method can also be utilized in valley load filling programs to facilitate the accommodation of renewable energy.