Peter Schwarz grew up in The Bronx, New York, . He attended public schools, including The Bronx High School of Science, followed by City College of New York.
Before beginning graduate school in Economics at The Ohio State University, he backpacked through Europe, and continues to enjoy travel (the photo was taken in Estonia.). His first exposure to energy economics was when he studied the natural gas market for a summer job. It led to an interest in electric utility pricing.