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I keep expecting Amazon to change their reserved instance policy. Who's going to commit to reserved instances during an ongoing price-war?

Amazon themselves proudly announce it as their 42nd price drop. That's not really a strong selling point for long term contracts.

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Kind of frustrating, really. I just bought 2 reserved instances about 6 weeks ago. Would have saved a nice penny if I waited.

It's definitely nice to see the pricing become more affordable over time though. Before this cut I really struggled going with AWS, but wouldn't even need to think about choosing them after this reduction.

You should contact support. I hear aws is really nice about offering price reductions in situations like yours.

Based on my experience today, I can attest to this. If you purchased recently, they may very well accommodate you.

Contact AWS Support, I saw a case of this where a user bought RIs a few days ago and they offered a refund for the RIs, at which point they can decide to buy it again using the new lower price or just stick with on-demand.

I've been wondering about this too. I'd love to see a price breakdown comparing reserved prices vs. prices with expected price drops.

There is still utility in knowing exactly what you're going to be paying, so for some people, that might be more desirable than getting the best deal.

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