Copyright 2016 AIP Publishing. This article may be downloaded for personal use only. Any other use requires prior permission of the author and AIP Publishing. Solar Tower Power Plants with thermal energy storage are a promising technology for dispatchable renewable energy in the near future. Storage integration makes possible to shift the electricity production to more profitable peak hours. Usually two tanks are used to store cold and hot fluids, but this means both higher investment costs and difficulties during the operation of the variable volume tanks. Instead, another solution can be a single tank thermocline storage in a multi-layered configuration. In such tank both latent and sensible fillers are employed to decrease the related cost up to 30% and maintain high efficiencies. This paper analyses a multi-layered solid PCM storage tank concept for solar tower applications, and describes a comprehensive methodology to determine under which market structures such devices can outperform the more conventional two tank storage systems. A detail model of the tank has been developed and introduced in an existing techno-economic tool developed by the authors (DYESOPT). The results show that under current cost estimates and technical limitations the multi-layered solid PCM storage concept is a better solution when peaking operating strategies are desired, as it is the case for the two-tier South African tariff scheme. Peer Reviewed