Based on a given firm from Gas, Water & Utilities industries, briefly discuss one (1) major market risk the firm exposed to and evaluate the effectiveness of the hedging strategy on the firm’s performance over the recent years (2019 to 2022).

Based on a given firm from Gas, Water & Utilities industries, briefly discuss one (1) major market risk the firm exposed to and evaluate the effectiveness of the hedging strategy on the firm’s performance over the recent years (2019 to 2022).