The energy generated per unit mass in a fusion reaction is ~9 times that generated in a fission reaction[0]:
Considering the mass of the four protons/hydrogen
nuclei (4.029106u) and the mass of the Helium
produced (4.002603u) we get a mass difference of
0.026503u or 24.69MeV. So it is easy to see that
fusion reactions give out more energy per
reaction. However, the energy per unit mass is
more relevant. This is 0.7MeV for fission and
6.2MeV for fusion so it is obvious that fusion is
the more effective nuclear reaction.
Which leads to a great deal of confusion on my part as to why we're not spending enormous amounts of money on Fusion R&D. Given the potential of the technology, you'd think we'd have long ago decided to spend whatever was necessary to commercialize hydrogen fusion as a power generation mechanism.The phrase "electricity too cheap to meter" is likely somewhat hyperbolic, but in comparison to pretty much any other mechanism fusion is enormously more productive and efficient.