Amazon Redshift Serverless introduces 3-year Serverless Reservations

Amazon Redshift now offers 3-year Serverless Reservations for Amazon Redshift Serverless, a new discounted pricing option that provides up to 45% savings and improved cost predictability for your analytics workloads. With Serverless Reservations, you commit to a specific number of Redshift Processing Units (RPUs) for a 3-year term with a no-upfront payment option.

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. Serverless Reservations help you further optimize compute costs and improve cost predictability of existing and new workloads on Amazon Redshift Serverless. Managed at the AWS payer account level, Serverless Reservations 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. Serverless Reservations are billed hourly and metered per second, offering a consistent billing model (24 hours a day, seven days a week) while maintaining the 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 Amazon Redshift Serverless pricing options, see the Redshift Serverless feature page, Redshift Pricing Page, or the Amazon Redshift Management Guide.