Amazon EC2 Reserved Instances announced

Amazon EC2 Reserved Instances announced

Amazon has announced the launch of Amazon EC2 Reserved Instances.

This is an additional pricing option for Amazon EC2 service that enables the customers to  make a low, one-time payment for an instance to reserve capacity and further reduce hourly usage charges.

Amazon said: “As with On-Demand Instances, you will still pay only for the compute capacity that you actually consume, and if and when you do not use an instance, you will not pay usage charges for it.”

Amazon adds:

Customers of all sizes continue to enjoy our existing, pay-as-you-go pricing for On-Demand Instances, but some have told us that they are ready to reserve capacity in order to achieve even lower costs. Reserved Instances give you the option to make a low, one-time payment for each instance you want to reserve and in turn receive a significant discount on the hourly usage charge for that instance. After the one-time payment for an instance, that instance is reserved for you, and you have no further obligation; you may choose to run that instance for the discounted usage rate for the duration of your term, or if and when you do not use the instance, you will not pay usage charges on it.

Checkout: Amazon EC2