No it's not. That's not the equation. The only thing that matters is the final cost, including capex.

Utilities are pooling the wool over the eyes of PUCs and the media is not doing what it needs to show how the utilities are screwing customers because the media is illiterate...

But what China and other places (eg Spain) for this sort of ammonia is to place generation and batteries right at the ammonia site, bypassing the grid for most of their energy, dramatically lowering costs.

The grid costs more than electricity generation, and utilities get guaranteed profit on grid costs, so they try to make the grid as expensive as possible, even as renewables and storage are lowering the cost of generation.

The price of grid electricity is moot when you're powering the process with locally generated green energy.