Abstract In view of the continuous increase in the proportion of renewable energy connected to the grid in China and the increasing peak-to-valley difference in electricity demand on the power grid, this paper proposes a high-temperature thermal-storage combined-cycle power-generation system. Using Thermoflex thermal simulation analysis software, a high-temperature thermal-storage combined-cycle simulation analysis system model was established, and the influence of different initial temperatures and pressure ratios on the combined-cycle system was analysed. Sensitivity analysis of factors such as electricity cost, annual operating hours, initial equipment investment, unit efficiency and other factors that affect the net income of the system was carried out. According to the current power-peak-shaving auxiliary service market in China, it is pointed out that high-temperature thermal-storage combined-cycle projects must be profitable and obtain good economic benefits. The results obtained, on the one hand, provide suggestions for the flexibility and transformation of current gas-fired steam generators for peak shaving and, on the other hand, provide references for the subsequent development of high-temperature thermal-storage combined-cycle demonstration projects.