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With large-scale grid-connected renewable energy, new power systems require more flexible and reliable energy storage power sources. Pumped storage stations play an important role in peak shaving, valley filling, and promoting renewable energy consumption. This paper presents the reasonable energy-abandonment operation of a combined power generation system (CPGS), in which a pumped storage station is the core control power, with an ultra-high proportion of renewable energy. Firstly, based on the seasonal characteristics of wind, solar, and load demand, typical days are selected through improved clustering analysis algorithms. Then, a daily optimal scheduling model for combined power generation systems (CPGS) is developed with the goals of economy, low-carbon, and stable operation. Finally, the correlation between the energy-abandonment rate and pumped storage station peak shaving and system optimization operation indicators is obtained by a reasonable energy-abandonment calculation method considering source-grid-load coordination. Taking the operation data of an energy base in the western region of China as an example, when the penetration rate of renewable energy is 60–70% in the future, the operating cost on the power side is greatly affected by the construction of the source side. When the system operates at a planned reasonable energy-abandonment rate of 2%, electricity regulation, load tracking, and daily operating costs all show better performance. [ABSTRACT FROM AUTHOR]