High gas prices are short term very disruptive but actually speed up the agenda of relying less on it. Which is why it is a good thing IMHO with some bad/unfortunate impact on people with lower incomes, You can bet, a lot of home owners that haven't already are now considering heat exchanges, solar, and batteries as ways to have less exposure to high energy prices. Additionally, high gas prices push gas power plants towards being less profitable. Most European energy companies are already investing heavily in wind (particularly) and solar. So, you could argue that investing in gas plants just got a lot less attractive than it already was.

High cost would actually still be manageable if it was predictable. However, that is becoming exactly the issue. It swings between too low for exploitation to be even profitable due to over supply and then too high because of Russian and OPEC policy resulting in supply disruption. Kind of a bad situation to be in if you are dependent on that. The smart move would be to eliminate such dependencies as soon as possible. Energy companies are going bankrupt right now because they are locked into contracts with consumers they no longer can afford.