AWS Introduces a New Pricing Model called Savings Plans in Exchange for Usage Commitment Amazon Web Services has announced Savings Plans. This new pricing model can offer discounts on AWS ECS (compute), and AWS Fargate (a compute engine for Amazon ECS for running container containers). Customers must commit to using the same amount of compute service over a three-year or one-year period to receive the discounts. According to Jeff Barr, the discounts on On Demand rates are much higher than EC2 Reserved Rates. However, this model does not require customers to coordinate their RI purchases and exchanges in an effort “to ensure that you have an optimal mixture that covers usage that might vary over time.” AWS announced that Savings Plans offer significant savings, just as Reserved Instances. They also automatically reduce customers’ compute usage across any AWS region. This is even when usage changes. Customers can choose the compute option that suits them best and save money without the need to make exchanges or modifications. Barr explained that customers have two options when it comes to the new Savings Plan model.