Yes, an electric stove typically consumes less electricity on the "minimum" setting compared to the "maximum" setting. The heat output of an electric stove is controlled by adjusting the power supplied to the heating elements. When set to the "minimum" or lower settings, the stove will provide less power to the heating elements, resulting in lower energy consumption.
It's worth noting that different electric stoves may have different power levels and settings, so the specific energy consumption may vary between models. Additionally, the overall energy efficiency of an electric stove can be influenced by factors such as insulation, cookware used, and cooking techniques employed.