This is a very nice question. Looking just at some stretch of wire with current flowing through it, the Poynting vectors around it point into the wire. That makes some sense, since energy must be flowing into the wire to account for the Joule heating. If you look at the whole circuit the energy flow starts in the battery, goes out through the space, and then into the wires.
I guess you could say that photons are indeed flowing through space. After all, there's a momentum density that goes along with the energy flow density. (The Maxwell equations implied E=pc, where E is energy and p is momentum, well before anyone thought of relativity or photons.)
I'm not quite prepared to answer the question about the frequencies, but thought the partial answer might help for starters.
Mike W.
(published on 11/08/2012)
