In a thermocouple an increase in the hot junction causes an increase in the thermo emf and reaches a maximum value called the neutral temperature(θn). This neutral temperature is independent of
the temperature of the cold junction. For example θn for Cu-Fe
thermocouple is 270∘C.
Peltier Effect is the converse of Seebeck Effect:
Two dissimilar metals when brought in contact with each other produce
a potential difference due to their electron densities. This potential difference is the Peltier emf and denoted by π. The Peltier emf depends on the temperature of the junction and there is no net emf flows when there exists
a same temperature at the junctions.