Induction is far more efficient.
A gas stove burns fuel for energy. Energy is lost as light from the flame, heat escaping around the sides of the pot, heating up the stovetop itself, as unburnt gases escaping, etc.
An induction stove works by utilizing a magnetic field to excite the material of the pan itself. No pan present to get heated, very little energy is used. Can’t have heat escape around the pan because the pan itself is what is getting hot, not the stovetop. Every watt of power that it takes in, aside from a tiny amount for control boards, is converted into heat that is used for cooking.
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