Concentrated solar power (CSP) plant with thermal energy storage can be operated as a peak load regulation plant. The steam generation system (SGS) is the central hub between the heat transfer fluid and the working fluid, of which the dynamic characteristics need to be further investigated. The SGS of Solar Two power tower plant was selected as the object. The mathematical model with lumped parameter method was developed and verified to analyze its dynamic characteristics. Five simulation tests were carried out under the disturbances that the solar tower power plant may encounter under various solar irradiations and output electrical loads. Both dynamic and static characteristics of SGS were analyzed with the response curves of the system state parameters. The dynamic response and time constants of the working fluids out of SGS was obtained when the step disturbances are imposed. It was indicated that the disturbances imposed to both working fluids lead to heat load reassignment to the preheater, evaporator and superheater. The proposed step-by-step disturbance method could reduce the fluid temperature and pressure fluctuations by 1.5 degrees C and 0.03 MPa, respectively. The results could be references for control strategies as well as the safe operation of and SGS. (C) 2018 Elsevier Ltd. All rights reserved.