The answer is the option B) PE of products - PE of reactants.
This is, the change of energy, in the form of heat, ΔH, for a chemical reaction is the potential energy of products less the potential energy of reactants: ΔH = PE products - PE reactants.
Note that this leads to:
1) when the potential energy increases, PE of products - PE of reactants > 0 => ΔH > 0, =>the reaction is absorbing energy and it is endothermic;
2) when potential energy decreases PE of products - PE of reactants < 0 => ΔH < 0, the reaction is releasing energy and it is exothermic.
Those are terms very used in chemistry and thermodynamics.