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In the context of energy conservation and emission reduction, the integration and consumption of large-scale wind and solar resources is an inevitable trend in future energy development. However, with the increase of wind and solar grid-connected capacity, the power system also requires more flexible resources to ensure safe operation. To enhance the economic efficiency of the complementary operation of wind, solar, hydro, and thermal sources, considering the peak regulation characteristics of different types of power sources, the study of the joint dispatch model of complementary utilization of various generation methods like wind, solar, hydro, thermal, and storage is of great significance for the economic dispatch of the power system. Existing studies mainly focus on traditional thermal power units or hydropower units, with few studies investigating the impact of pumped-storage power stations on the absorption of renewable energy. Firstly, this paper introduces the composition and function of each unit under the research framework and establishes a joint dispatch model for wind, solar, hydro, and thermal power. Secondly, the paper elaborates on the objective function within the model, mainly covering the operating costs of thermal power units, hydropower units, pumped storage, wind and solar units, the cost of discarding new energy, and the cost of load shedding. Subsequently, the paper presents the constraints of the system model, mainly the feasible boundaries for the operation of each unit within the system. Finally, The results of the calculations show that the proposed model reduces the total operating cost by 12% and the power abandonment rate by 82% compared to the conventional model. It is shown that the proposed model can not only significantly improve the economic efficiency of the system operation but also reduce the level of energy waste and load shedding, effectively enhancing the degree of energy utilization within the system. [ABSTRACT FROM AUTHOR]