- Offering
- All upfornt - Pay for a instance ahead for 1-2-3 years.(best cost savings)
- Partial upfront - Pay full for partial term, and the remainder term as monthly installments.
- No upfront - monthly installment throughout the term. (low savings)
- Light utilization -
- Medium utilization -
- No matter which plan you choose - you are committing to pay for 1-2-3 years.
- Benefits
- Get significant reduction in cost
- Capacity reservation for number of EC2 instances
- Modifying Reserved Instances - as long as requirements for modifications exist, and capacities are available.
- Unused Reserved instances - can be sold in the Reserved instance market place - https://portal.aws.amazon.com/ec2/ri/seller_registration
References:
- TechCrunch - http://tcrn.ch/1G3BH6b
- Cloudability - http://bit.ly/1G3BPm8
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