Electric modern fireplace generates more heat compared to others. It can be used to places where there are no ventilations or where there is no space for chimneys. No installation is needed so you can save money. Moreover, you don't need to buy wood or gas to keep it functioning.
An electric fireplace runs on electricity, which is less expensive as compared to fuel and gas both. The heat is adjustable and can be set accordingly. This benefit was never available in traditional style as there was little control over how the fire looks. The fireplace is not heated up after usage, which reduces the chances of getting burnt accidentally. Especially with small children and pets, this is a significant advantage.