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Electric pressure cooker / multi cooker.
Basically a heavy pot, a bottom 1500 W heater, an insert pot & electronics to monitor temp & or pressure.
They all cook basically the same the major difference is the electronics & the materials used.
Most have timers, multiple presets for rice, slow cooking, sauté, & searing & even yogurt.
The common prices vary from $70 for the cusinart which is basic, to $200 for an instant pot with blue tooth iPhone & android apps able th turn on , adjust temps without touching.
I got the Cusinart recently, & was asked how I like it.
Well I use stovetop pressure cookers frequently. I have a 65 y/o presto 4 at. & an eight quart innova.
As a pressure cooker the electric is so much easier! No starting on high flame , decreasing when to pressure & then playing with the heat.
The electric comes to pressure & cuts back so pressure remains but no dancing bobbin.much quieter than a standard.
Well it works great as a pressure cooker, what else can it do. As a rice cooker works well for white rice cutting total cook time from 35 minutes to 15 minutes ( heating water, cooking rice & 5 minutes setting time. For brown rice it shines. Brown rice takes such a long time in a pot or rice cooker I rarely would cook it. In a pressure cooker about 30-35 minutes, just load & when cooked fluff.
It also will work as a slow cooker, equivalent to low on a slow cooker, main thing is no burning on bottom of pot.
The cookers also have searing & sauté settings, works fine for the meat & veggies you plan on cooking in the pressure cooker but doubtful you'd use for anything else.
In summary I like it. Easier to use than I thought. I was a little skeptical that I'd like better than my stove top but I do. I've cooked Red Beans & Rice, navy bean soup , corn on the cob, white & brown rice & chicken soup. So far it's great