Also on this related thread:

We're way over the posting limit on this one. Let's close this thread for now.

(And, in the future, please voluntarily close long threads well before I happen to stop by :-)

73,
Eric
/elecraft.com/

On 8/17/2018 5:13 PM, Fred Jensen wrote:
Yes. Electricity cost to generate the RF that earns the revenue is a major part of the broadcast station budget.  Not so much for amateurs.  Since FM is constant envelope modulation, it makes sense it would have a lower overall efficiency.  Even Rush Limbaugh has to take a breath occasionally on AM ... it makes no difference on FM. [:-))

73,

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