The impact of avoiding the start-up and shut-down losses of a solar thermal power plant by directly integrating the back-up boiler into a tubular solar-only cavity receiver is studied using a multiple time-step, piecewise-continuous model. A steady-state analytical model of the mass and energy flows through both this device and a solar-only cavity receiver reported previously are incorporated within a model of the solar power generating plant with storage. The performance of the Hybrid Solar Receiver Combustor (HSRC) is compared with an equivalent reference conventional hybrid solar thermal system employing a solar-only cavity receiver and a back-up boiler. The model accounts for start-up and shut-down losses of the boiler, threshold losses of the solar-only cavity receiver and the amount of trace heating required to avoid cooling of the heat transfer fluid. The model is implemented for a 12 month/five year time-series of historical Direct Normal Irradiation (DNI) at 1 h time-steps to account for the variability in the solar resource at four sites spanning Australia and the USA. A method to optimize the size of the heliostat field is also reported, based on the dumped fraction of solar power from the heliostat field. The Levelized Cost of Electricity (LCOE) for the HSRC configuration was estimated to be reduced by up to 17% relative to the equivalent conventional hybrid solar thermal system depending on the cost of the fuel, the storage capacity and the solar resource, while the fuel consumption was estimated to be reduced by some 12-31%. (C) 2015 Elsevier Ltd. All rights reserved.