The total amount of heat generated depends on the total resistance in the circuit. But that heat can be generated anywhere in the circuit. In practice, wiring is usually designed to have a very, very low resistance, much lower than the resistance of any sort of appliance, so the total resistance of the circuit is very close to the resistance of the appliance, and almost all of the heat is generated in the appliance. And “the whole circuit” means “going back to the part that’s at a fixed voltage”, which is kind of a cop-out, since in real life, there isn’t actually such a thing as a fixed-voltage source, which generally becomes very apparent when you have a short circuit.
Nothing that simple, because it also depends on factors like how much heating you’re willing to tolerate in your wires (since you’ll always get some), and how much power you want your appliance to draw, and how expensive copper or other wiring material is, and so on.
OK, picture a very tall space elevator, that goes up far past geosynchronous height. Below that height, the elevator cars want to fall towards the Earth, so you’re lifting them uphill. But above that height, the cars want to “fall” away from the Earth, due to the centrifugal force, so they’re effectively going downhill. You have the top of a hill at geosynch height, and low areas on both sides of the hill.
Well, in an ordinary water siphon, you can get water over the top of a hill for free, as long as the far side is lower than the source. The water going downhill on the far side pulls the water on the near side with it. And you can make a siphon like this with more things than just liquids: Take a long chain or beaded string in a bucket, for instance, and drape it over the top of a low-friction hill, with the bottom of the chain lower than the bucket, and it’ll all pull out of the bucket. It’s the same idea with the space elevator: Let the cars above geosynch, that are falling away from the Earth, pull up the cars below geosynch height.
Except, of course, that to make that work, as I just calculated, you’d need a much longer cable. I’ll have to think of other ways to run a space elevator for nearly-free. Maybe only use the elevator to lift cargoes up a couple hundred km, above the atmosphere, and then use a skyhook from there? But operating a skyhook right next to a space elevator is probably just asking for trouble.