Induction Cooktop vs Electric Stove (Radiant Cooktop): Which Costs More to Run? (2026)

Induction uses about 20 percent less electricity than a radiant electric hob for the same cooking, because it heats the pan directly instead of a glass surface under it. It also boils water faster and stays cool to the touch. The only drawbacks are needing magnetic cookware and a higher purchase price.

At the hours shown, Induction Cooktop costs about $120.49 a year and Electric Stove (Radiant Cooktop) about $133.88 in the US.

ApplianceTypical wattsHours a dayPer hourPer monthPer year
Induction Cooktop1,800 W$0.33$9.90$120.49
Electric Stove (Radiant Cooktop)2,000 W$0.37$11.00$133.88

Edit the hours to match your own use. Costs use the typical wattage of each appliance.

When the induction cooktop makes sense

  • You cook daily and want the lowest running cost
  • You boil water often
  • You have children and want a cooler surface

When the electric stove (radiant cooktop) makes sense

  • Your cookware is aluminium or copper and you do not want to replace it
  • You cook rarely
  • You are on a tight budget for the appliance itself

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