Induction is the newest and best cooking product available on the market. Actually that is not quite accurate, GE manufactured and discontinued induction cooktops about 20 years ago, but they have returned with a vengence(well probably not a vengance).
Induction is a magnetic source that creates heat when in contact with a metal pan. It is faster and easier to control than gas. It is also less heat retentive than electric, because you need a metal in order for the magnet to heat. In fact, you can place a piece of paper under a pan as it is boiling without the paper burning.
There are a variety of companies manufacturing induction. Electrolux, Thermador, Wolf, Diva and Viking. The prices start at $2000, but will probably become cheaper as the bigger companies enter the market.
If you are remodeling ask for a demonstration, you will be surprised.
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