This paper presents an analysis of a price-based control system in conjunction with energy storage using phase change materials for two applications: space heating in buildings and domestic freezers. The freezer used for this experimental study was provided with energy storage trays containing a eutectic solution of ammonium chloride (melting point of -15 degrees C). In the building application, DuPont wallboards were used to provide thermal storage. Experimental results showed that using thermal storage material in conjunction with the proposed price-based control method can improve performance of these systems and lead to a successful peak load shifting. Depending on eledtricity price trends, cost savings using the proposed strategy can vary. Savings of up to 16.5% and 62.64% per day were achieved for the freezer and building applications respectively, based on New Zealand electricity rates. (C) 2015 Elsevier Ltd. All rights reserved.