Repainted said:
Isn't the reason that electrons possesses low average KE because they've transferred most of their KE to other forms in the components? ... Is this reasoning flawed?
It is flawed. Let me give you a completely mechanical example about energy that will hopefully help you understand about energy.
Let's say that we have 2 masses attached by a light rope with a pulley arranged to pull the second mass up as we move the first mass to the left (see http://farside.ph.utexas.edu/teaching/301/lectures/node48.html" ). Now, suppose we want to lift the second mass to the top of the table, but can only directly do work on the first mass. We have two basic options:
1) we can start with a little slack in the rope, suddenly do work on the first mass, accelerating it very quickly to a high KE, let it snap the line taut, and pull the second mass up by exchanging its KE for gravitational PE.
2) we can start with no slack in the rope, do work on the first mass, which will be transferred directly to the second mass via the rope with no significant amount of KE needed to effect the transfer.
Remember, work is force times distance, so as long as you can exert a force on something you can do work on it, regardless of KE. True, you can use KE to do work, but it is not necessary, and true if you don't have some other interaction then when you do work on something it will gain KE. But neither of those statements imply that you must use KE to do work nor that the first mass had a significant amount of KE in option 2) at any time.
So, in the case of electrical circuits, the rope is equivalent to the electromagnetic forces, the first mass is equivalent to the electrons, and the second mass is equivalent to whatever the electrons do work on. As I showed in my previous calculation there is never any significant amount of KE in the electrons, the electromagnetic "rope" is always taut and the energy which the power source supplies to the electrons is transferred directly to the circuit without gaining and losing KE.