Yes, but it won't matter. The state energy firms of EU countries are going heavily into debt to survive this crisis, and it'll just turn from "paying high electricity prices because oil is expensive" to "paying high energy prices to repay state debt".

I mean it'll help in the sense that energy supply will switch to renewable sources, sure. Great for the climate, hopefully, But it won't help in lowering energy cost.

And before you say "but solar panels". A bunch of states have already started pretty heavily taxing them.

> The state energy firms of EU countries

Which state energy firms? Most countries have mostly privatized generation with just the grid in public ownership. EDF is something of an exception, but they have very different economics (and the nuclear fleet).

> "paying high energy prices to repay state debt"

The whole range of general taxation is available for that.

> A bunch of states have already started pretty heavily taxing them.

Which European states?