For the eventual consumers of the servers at the discounted prices: are we going to see the price decrease benefits?

If say GCP/AWS/Azure decide to build a DC in a new region, and they go blue primarily because of the discounts, would the pricing end up being slightly smaller than otherwise?

I can understand that electricity, cooling and other costs would have an influence; but I'm wondering whether performance & price per watt end up being passed or recouped downstream.