I used to pay about 30 cents per meter cube, and I still would not use it to cool a PC.
A cubic meter of water is about 264 gallons. If you use 200 gallons per hour, you would be using 1'752'000 gallons per year (assuming always on). That's 6636 cubic meters, and it'll cost you $1'000 per year (15 cents /m^3).
Keep in mind that even though you measured 200 gph out of your faucet (I assume), the restrictions within your rig will bring that down quite dramatically, possibly even lower than 50 gph.
Also, you would have to add an electric valve, to shut off your water supply, when you turn off your PC.
There is an advantage to using 10 to 15 deg C water, but you can do that with a water chiller, or a dehumidifier, with better performance.
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