How to determine the cost allocation is a very controversial issue in cogeneration.However,in most of the discussions,they are all directed at the small unreheat cogeneration,there is no exact introduction on cost allocation of the large reheat cogeneration.This paper put forward the formula of cost allocation which is applied to the large reheat cogeneration,and compared with unreheat cogeneration.It is proposed that rational cost allocation is still an issue to be solved for the development of cogeneration in theoretical.