@herman
The AC signal that is transferring energy from the source to the load (amp to speaker for example) is NOT doing so by moving electrons from the source to the load. Electrons are NOT flowing down the wire like water through a hose.
Think about it..The energy will flow through a capacitor which has an insulator in the middle of it. How do the electrons flow through an insulator?
The energy can travel through a vacuum where there are no electrons, think radio waves.
High frequency AC waves are commonly sent down tubes called waveguides which are hollow = no conductor = no electrons.
The amplifier transferring energy to the speaker does it by moving electrons backwards and forwards through the connecting wires. If the energy was flowing in space, you would not need fat wires and the wire resistance would not matter. Some energy does leak out as electromagnetic radiation but this energy is wasted! QED.
A capacitor acts as a storage unit for electrons. Pump some in on one plate, and electrons will depart from the opposite plate. Then the current will stop unless you pump the other way (that is, reverse the applied voltage). Lo and behold, current flows the other way. Keep alternating the voltage, and alternating current appears to flow through the capacitor, even though the plates are completely insulated from each other. The higher the frequency, the less impedance the capacitor presents to the flow of AC alternating current although the capacitor completely blocks DC (direct current). QED
Energy can flow through a vacuum as electromagnetic radiation (light, X-rays, infra-red heat, radio waves, microwaves, etc) which vary from each other only in frequency. Energy can also flow in a vacuum as electron streams (think the old cathode ray TV sets, vacuum tubes, electron microscopes). So what? QED
At very high frequencies, most of the current flows at the surface of a conductor because of the skin effect. The effect becomes important at radio frequencies: at mains frequencies in copper the skin is about 10-mm thick! Consequently for high frequency transmission, there is little reason to fill the centre of a conductor with expensive metal. Instead the energy is carried by electrons flowing at the surface of the hollow tube. However, there is a conductor and there are electrons flowing. QED