Likely the stove top is induction, not the oven. The oven is probably just regular electric. Induction requires pans/pots made of a metal that can hold a magnet. The Induction stove then runs a magentic current through the metal to make it hot. If the actual oven was Induction it would require you to only cook in metal cookware and the cookware would have to be touching the magnet. I have an Induction stove top with electric oven and bake all the time.

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