For an English essay, without the example, there is no explanation that can be given.
So :
Point
Explanation (No explanation is possible without the example)
Example
Link
will not work.
_____________
But:
Point
Example
Explanation
Link
will work.
As such, there is no strict rule and either form of PEEL can be used. All the other acronyms mentioned are similar to one of the versions of PEEL
Make sure you use enough examples for an essay otherwise marks can be deducted. Don't just use one quote per body paragraph. See marking criteria.
For this reason, it makes sense to do something similar to what Etho_X mentioned.