The core of a varistor consists of a semiconducting material, usually metal oxide, which is pressed between two electrodes. At normal operating voltages, the varistor behaves like an insulator with high resistance. However, when the voltage exceeds a critical value, the unique property of the semiconducting material causes the resistance of the varistor to drop abruptly. This sudden drop in resistance allows the varistor to conduct a large current flow and thus safely dissipate the excess voltage. After the overvoltage has subsided, the varistor returns to its original high-resistance state.