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The only alternating wire is the live (hot) wire. It alternates between 240v and -240v 50 times a second (50Hz) here in the UK. The neutral (non-hot) wire is effectively tied to ground (0v) which is why you won't get a shock if you hold the neutral (non-hot) and groud wires (they're both, theoretically, at the same potential).
When the live (hot) wire is at a positive voltage, electrons will flow from the neutral (non-hot) to the live (hot), but when the live (hot) is at a negative voltage electrons will flow from the live (hot) to the neutral (non-hot). |