AWS cuts prices again, reveals three-year reserved instances

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AWS cuts prices again, reveals three-year reserved instances

Amazon Web Services has declared its 61st price reduction to a range of cloud services, while launching a new three-year payment option for reserved instances.

The three-year term is an increase from the current one-year-term for standard reserved instances. The longer term covers a range of instance types in the AWS Elastic Compute Cloud (EC2).

"In addition to reducing our prices on a regular and frequent basis, we also give customers options that help them to optimise their use of AWS," wrote AWS chief evangelist Jeff Barr.

"For example, reserved instances (first launched in 2009) allow Amazon EC2 users to obtain a significant discount when compared to on-demand pricing, along with a capacity reservation when used in a specific availability zone."

Discounting depends on how much customers pay upfront: the more upfront, the greater the discount, and vice versa.

"In order to meet this wide range of preferences we are adding three-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."

The price cuts span an acronym soup of instance types: C4 (compute-optimised instances), M4 (general purpose instances), R4 (for memory-intensive applications), I3 (high I/O instances), P2 (accelerated computing instances), X1 (memory-optimised) and T2 (burstable performance instances).

Sydney region pricing was not covered in Barr's blog post, however: "similar reductions will go into effect for nearly all of the other regions as well", he wrote. Price cuts in other regions range between 5 percent to 21 percent, depending on data centre location and instance type.

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