In this second part of the paper, the new advances on thermoeconomic diagnosis presented in the part I are applied to the Escucha power plant, which is a 160 MW conventional coal fired power plant sited in Aragon (Spain). As a result the validity of the methodology is proved and quantified. The methodology is validated using a specific simulator of the Escucha power plant cycle. mainly based on [ASME Power Division, Paper no. 62-WA-209, 1974] method. This simulator reproduces with high accuracy the cycle behavior for different operating conditions, either in design and in off design conditions. The error is lower than 1% in most of cases. The simulated results, i.e. temperatures. pressures, mass flow rates, power and so on, are considered as plant measured and validated values. In this way all measurement uncertainties are avoided. A complete thermoeconomic diagnosis is presented applying the Structural Theory of Thermoeconomics. The impact of the component inefficiencies on the fuel plant consumption, and the effect of a component inefficiency (intrinsic malfunction) on the rest of the plant components (induced malfunctions and dysfunctions), are analyzed and quantified. The methodology is validated quantifying its accuracy.