Amazon Redshift Serverless introduces 3-year Serverless Reservations

Amazon Redshift Serverless Reservations
Amazon Redshift now offers 3-year Serverless Reservations for Amazon Redshift Serverless, providing up to 45% savings and improved cost predictability for your analytics workloads. This new pricing option allows you to commit to a specific number of Redshift Processing Units (RPUs) for a 3-year term with a no-upfront payment option.
Serverless Reservations are managed at the AWS payer account level and can be shared between multiple AWS accounts, reducing your compute costs by up to 45% on all Amazon Redshift Serverless workloads in your AWS account. They are billed hourly and metered per second, offering a consistent billing model while maintaining the flexibility of Amazon Redshift Serverless. Any usage exceeding the specified RPU level is charged at standard on-demand rates.
What to do
- Purchase Serverless Reservations via the Amazon Redshift console or by invoking the Serverless Reservations API “create-reservation”.
Source: AWS release notes
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