Hi Eve

Yes it is. It works by transferring the current through a coil that transfers heat directly to a pan. Unlike gas or traditional electric power, induction cooking works only when the pan is placed within a magnetic zone, so that energy is directed where it is needed. More than 90% of the energy goes straight to the pan unlike gas and electric. It is $$ saver compare to electric hob.

Quite cool looking when place in the kitchen.