It is true that initially the transmission of AC power was the only effective mode of power transmission due to high losses associated with the DC transmission. But this has certainly changed over the years with the development of new techniques and technologies and the use of DC transmission is certainly on the rise.
Some of the main advantages of using DC over AC are as follows.
A DC power line only requires two lines of conductors to be transported as compared to AC power which required an additional line as well. This may not seem a big deal but just imagine the saving of material and cost when such a transmission has to be carried across hundreds and thousands of kilometers. A good example of this is the power transmission lines that carry DC power from Nelson River to Winnipeg over a distance of 1000 kilometers. Mathematically speaking, using 2 lines instead of 3 means that two-thirds cost savings are achieved in conductor cost. Of course there can be 3 wires in a DC system as well but that is for another purpose as we shall see later.
Since AC power flows in sinusoidal mode, the peak voltage is much higher than the effective voltage while they are same in DC power. This means that for a given effective voltage, the interference from AC power cables will be much higher than that of DC power cables.
Of course this does not mean to say that DC power has not disadvantages. The main disadvantage of DC power is that transformers only work on AC power. That means that stepping up/down of voltages is only feasible with AC power only. Normally transmission is associated with high voltages (and low currents) to minimize losses. This is so because transmission losses are proportional to the square of the current. Of course there are limitations of increasing voltage because of the cost of the transformers, which could rise prohibitively as the voltages get higher. We will take up this issue in detail in later articles.