Denmark, Oct. 22 -- Schneider Electric, a global energy technology leader, today launches a new research report highlighting the role electrification must play in Europe's future. Currently the electrification rate in Europe is just 21%, a figure that hasn't changed in the last decade and is 10% behind China where rapid electrification is taking place. At the same time, the cost of residential energy use in the EU is 0.27 Euro per kWh. In the US, that figure is 0.15, and China comes in at 0.08 Euro per kWh. This puts the price of everyday activity for every EU citizen three times higher than that of those in China.The report "Europe energy security and competitiveness - supercharging electrification" reveals Europe could save €250 bil...