A renewable energy consumption method based on variational mode decomposition and combined regulation of thermal power and storage system is presented in this paper. By decomposing the equivalent load curve using variational mode decomposition, the equivalent load curve is divided into parts with different center frequencies and energy system constraints and solved separately. We then take the maximum wind power absorption rate as the upper model target and solve it. At the same time, through the operation curves of the thermal power unit and battery storage system, the lower optimization model is established to minimize the system’s operating cost with carbon emission costs. The example shows that the regulation method with a storage system improves the consumption rate of wind power and reduces carbon dioxide emission compared with the regulation method without a storage system. Compared with the method without decomposition, the power output curve of the thermal power unit is smoother under the new method, effectively improving the solving speed. It reduces the operating cost of the system and its carbon dioxide emissions.