Posted On: Dec 21, 2021
Starting today, customers can track Savings Plans Utilization and Coverage with hourly granularity in the AWS Cost Management Console. Savings Plans is a flexible pricing model that offers savings of up to 72% on your Amazon EC2, AWS Lambda, and Amazon ECS with AWS Fargate type usage, in exchange for a commitment to a consistent amount of compute usage (measured in $/hour) for a 1 or 3 year term. Savings Plans discounts are calculated and applied at hourly basis. Hourly granularity in Savings Plans Utilization report helps you to visualize and understand how well you are using your existing Savings Plans subscriptions per hour. Similarly, hourly granularity in Savings Plans Coverage report helps you visualize and understand how much of your total Savings Plans eligible spend is covered by Savings Plans per hour.
With hourly granularity in Savings Plans Utilization and Coverage reports, you will be able to determine whether you are utilizing more resources than your Savings Plans commitments in one or many hours, resulting in charges at on-demand rate and low Savings Plans coverage. Similarly, you can determine if you are underutilizing your Savings Plans Commitments in one or many hours, resulting in low Savings Plans utilization. With hourly utilization and coverage metrics, you can pinpoint when exactly your usage was more or less than your Savings Plans commitment. This helps you understand your Savings Plans’ usage pattern, why you are being charged on-demand rates, and when you are not fully utilizing your Savings Plan commitment.
Hourly Granularity in Savings Plans Utilization and Coverage is available for all customers who have enabled hourly granularity through AWS Cost Explorer. Hourly granularity is a paid feature in Cost Explorer. If you have enabled hourly granularity in Cost Explorer, you won’t be charged more to use hourly granularity in Savings Plans Utilization and Coverage. Once hourly granularity is enabled, you can view hourly data for the past 14 days through Savings Plans Utilization and Savings Plans Coverage reports on Cost Management Console or through Cost Explorer SDK API.
To learn more about Savings Plans Utilization and Coverage reports, please refer to Savings Plans user guide.