Remember that this is a High School class and don’t go overboard would be my recommendation to you. I would concentrate on making my presentation lean more towards the interesting side than the informative. For example you might talk about something they will have all likely noticed which is that you can use one magnet to cause another to move physically, then comment that perhaps some genius may have had the idea that the reverse might also be true, that a physical movement might ‘cause’ an electromagnetic field to be produced…blah, blah, blah.
You could go on to explain or even demonstrate with a loop of wire, horseshoe magnet, and a very sensitive ammeter how you can whip the wire across the ‘lines of force’ and create a current flow (or better yet your oscilloscope idea). This, after all is just a very small scale version of essentially what the power companies do…blah, blah, blah.
I wouldn’t even bother trying to get into the 3-phase thing at all…too much boring detail I think. Instead you might at this point attempt a simple explanation of the relationship between Power, Voltage, and Current. Tell them how you can play around with the values of I and E while keeping a constant P. This is what the power companies do when they step up the voltage to extremely high levels in order to deliver power with minimal line loss to some distant city…blah, blah, blah.
If you keep them entertained with a little ‘shock and awe’ without all the equations and math I think your teacher will give you a favorable nod. One last demonstration that will help with this is to obtain a nice sized permanent magnet motor to pass around the class. Have them spin the shaft with the two output/input wires disconnected then with the wires connected. You can comment, and they can feel, that connecting the wires is like increasing the load demanded from the power station and demands a lot more work be done.
Good luck, and as for the blah, blah, blah above you can add as much or as little to insure your presentation fits within the time allowed. Oh, and do rehearse it before giving it to the class so that you will know how long it will actually take and to help you look more comfortable.