Announcing Serverless Reservations, a new discounted pricing option for Amazon Redshift Serverless
Amazon Redshift now offers Serverless Reservations for Amazon Redshift Serverless, a new discounted pricing option that helps you save up to 24% and gain greater cost predictability for your analytics workloads. With Serverless Reservations, you can commit to a specific number of Redshift Processing Units (RPUs) for a one-year term, and choose between two payment options: a no-upfront option that provides a 20% discount off on-demand rates, or an all-upfront option that provides a 24% discount.
Amazon Redshift Serverless allows you to run and scale analytics without having to provision and manage clusters with a pay-as-you-go pricing model. Now with Serverless Reservations, you can further optimize your compute costs and improve cost predictability of existing and new workloads on Amazon Redshift Serverless. Serverless Reservations are managed at the AWS payer account level and can be shared between multiple AWS accounts, and lets you reduce your compute costs by up to 24% on all Amazon Redshift Serverless workloads in your AWS account. Serverless Reservations are billed hourly and metered per second, offering a consistent billing model (24 hours a day, seven days a week) while maintaining flexibility offered by Amazon Redshift Serverless. Any usage exceeding the specified RPU level is charged at standard on-demand rates. You can purchase Serverless Reservations via the Amazon Redshift console or by invoking the Serverless Reservations API “create-reservation”.
Serverless reservations are available in all regions where Amazon Redshift Serverless is currently available. To learn more about the Amazon Redshift Serverless pricing options, please refer to the Serverless feature page, Redshift Pricing Site, or documentation.