Savings Plans hourly commitment
Catalog row in Vendor License Metrics · Cited
- Unit
- Other
- Aliases
- $/hour commitment; USD per hour
- Definition
- Amazon EC2 User Guide: "To use Savings Plans, you make a commitment to a consistent usage amount, measured in USD per hour."
- Counting rules
- The commitment is a dollar amount per hour for a one-year (365 days) or three-year (1,095 days) term. Eligible usage up to the commitment is charged at Savings Plans rates; usage above it at On-Demand rates. Payment: All Upfront, Partial Upfront or No Upfront.
- Floors / minimums
- Term of one or three years; terms cannot be changed after purchase.
- Applies to products
- Savings Plans
- Amazon EC2
- AWS Fargate
- AWS Lambda
- Amazon SageMaker AI