The German federal government is wary of market interventions to lower energy prices ahead of the upcoming European Council meeting. Sources inside the government say they are particularly skeptical about a potential price cap. The European Commission is expected to present a “toolbox” at the Thursday session, likely comprising subsidies and tax cuts, but any such measures would require approval by individual member states. Despite this, the German government does not anticipate a sharp drop in energy prices after the Council this week. “The issue will remain on the agenda for some time” was the message from inside the government on Tuesday.