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AWS Comes with 61st Price Reduction, EC2 RIs & M4 Prices Slashed

 In Cloud Updates, Cost & Governance, Editor's Pick

AWS patrons using EC2 RIs and M4 instance type rejoice! AWS has come with yet another price reduction. This time the EC2 RIs & M4 prices have been slashed. 

AWS has been phenomenal in offering public cloud. As of today AWS offers a plethora of services that cater to various business needs and workload types. With its revolutionary pay-as-you-go model, AWS empowered agility in businesses. Now with further price reductions, it’s icing on the cake for businesses running on EC2 RIs and M4 instances.

In the words of Jeff Barr in one of his recent blogs, “Our customers use multiple strategies to purchase and manage their Reserved Instances. Some prefer to make an upfront payment and earn a bigger discount; some prefer to pay nothing upfront and get a smaller (yet still substantial) discount. In the middle, others are happiest with a partial upfront payment and a discount that falls in between the two other options. In order to meet this wide range of preferences we are adding 3 Year No Upfront Standard Reserved Instances for most of the current generation instance types. We are also reducing prices for No Upfront Reserved Instances, Convertible Reserved Instances, and General Purpose M4 instances (both On-Demand and Reserved Instances). This is our 61st AWS Price Reduction.”

All You Need To Know About Price Reductions of EC2 RIs and M4

No Upfront Option for 3 Year Standard RIs

Earlier AWS offered a No Upfront payment option just for 1 year term for Standard RIs. Henceforth, there will be a No Upfront payment option even for a 3 year term for C4, M4, R4, I3, P2, X1, and T2 Standard RIs.

~17% Price Reductions for No Upfront Reserved Instances

No Upfront 1 Year Standard and 3 Year Convertible RIs for C4, M4, R4, I3, P2, X1, and T2 instance types will now be available for 17% lesser, depending on instance type, operating system, and region. Refer the table below to know the average reductions for No Upfront Reserved Instances for Linux in several representative regions:

EC2 RIs prices slashedImage Source: https://aws.amazon.com/blogs/aws/category/price-reduction/

~21% Reduced Prices for Convertible Reserved Instances

AWS is now reducing the prices for 3 Year Convertible Reserved Instances by up to 21% for most of the current generation instances (C4, M4, R4, I3, P2, X1, and T2). Refer the table below to know the average reductions for Convertible Reserved Instances for Linux in several representative regions:

~21% Reduced Prices for Convertible Reserved Instances Image Source: https://aws.amazon.com/blogs/aws/category/price-reduction/

According to AWS, similar reductions will go into effect for nearly all of the other regions too. 

~ 7% Reduced Price for M4 Instances

M4 Linux instances’ prices are now available at a price lesser by 7%. M4 has been one of the most popular instance types among new generation instances.

Visit the EC2 Reserved Instance Pricing Page and the EC2 Pricing Page, or consult the AWS Price List API for all of the new prices.

The Wrap-Up

Cost modelling, budget reduction and cost optimization are some of the top most considerations for businesses irrespective of size. Whether it is an enterprise with 100+ foot print or a small start-up with less than 10 employees, this price reduction is a great news.

Share your views too with us. Just drop in a line below in the comment section or just gives us a shout out @BotmetricHQIf you want to holistically reduce your AWS bill, then just try Botmetric Cost & Governance. You will get data driven cost management to monitor AWS finances and take wise decisions to maximize your AWS cloud ROI.

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Editor

Editor

Content Manager at Botmetric
Jayashree Hegde is a linguaphile, a bibliophile, and a travelphile, passionate about technology, writing, and humanities. While at work, she manages content for Botmetric and Minjar. During free time, she loves to write creative non-fiction short stories.
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