Wants - He feels undervalued by his peers from not being acknowledged for the work that he does, so wants to be acknowledged by someone for his work.
Needs - The feeling of having a friend, he needs someone to talk to and get to know. Rather than always getting pushed aside.
Flaws - After bumping into Spiderman on the street, he becomes obsessed with the fact that somebody wanted to know who he was.
Change - Electro experiences a physical change as he never used to be such a evil person. He became electro due to falling into a container full of electric eels while attempting to fix a wire; of which was a two man job. As no one liked him they allowed him to carry on regardless.
Conflict - From having too much power after the accident happened, he ended up on one of the big screens in New York and the fame overwhelmed him; turning himself evil, wanting the fame. He also a conflict with Spiderman, after he forgets who he was in the street, making him want to get revenge.