Abstract
The Internet of Things (IoT) has led the way to smarter and ultimately more efficient cyberphysical systems (CPSs). An example of such a CPS includes motor drives connected to a computer network controlling industrial processes. Another example is a recent European Union regulation that may enable utility customers to become energy suppliers-i.e., the formation of transactive energy (TE) systems or energy local area networks (E-LANs) formed by integrated smart energy nodes cooperating to accomplish system goals.
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