Byproduct gases generated during steel production process are the main fuels for on-site power plants (OSPPs) in steel enterprises. Recently, with the implementation of time-of-use (TOU) power price in China, increasing attention has been paid to the collaborative scheduling between OSPPs and gasholders. However, the load shifting potential of OSPPs has seldom been discussed in previous studies. In this paper, a mixed integer linear programming (MILP)-based scheduling model is built to evaluate the load shifting potential and the corresponding economic benefits. A case study is conducted on two steel enterprises with different configurations of OSPPs, and the optimal operation strategy is also discussed.