The deployment of new solar power tower plants mainly depends on becoming costcompetitive with traditional forms of electricity generation. The solar field represents around 40% of the solar power tower investment cost, thus the cost reduction of such subsystems is mandatory to achieve that goal. This reduction could be done by increasing the solar flux intercepted by the receiver, which would increase the peak flux. Therefore, new concepts of solar receivers are required to accommodate such high peak flux.The proposed receiver, which withstands high peak flux, consists on a Traditional External Tubular Receiver (TETR) equipped with valves that allow the division of each panel of the receiver in two independent panels, increasing the velocity of the heat transfer fluid in specific zones of the receiver. This receiver configuration, named Variable Velocity Receiver (VVR), avoids tube overheating. Moreover, this novel receiver allows more concentrated aiming strategies, which increases the optical efficiency of the solar field and permits to reduce the number of heliostats in the field. Given a specific generation capacity, the size of the solar field required by a VVR is 12.5% smaller in comparison to a TETR.Such efficiency improvement has a negligible effect in tube mechanical stresses; even though pressure drop and parasitic consumption of the power plant increase. This new receiver configuration also gains hours of operation, even in winter: in hours with low solar irradiance all the panels can be split in two, increasing the number of passes and the velocity of the heat transfer fluid and accomplishing the transition from laminar to turbulent regime. Therefore, this receiver is able to reduce the levelized cost of energy.