Ensure that your Amazon EC2 Reserved Instances are renewed before expiration in order to get a significant discount (up to 75% depending on the commitment term) on the hourly charges. The renewal process consists of purchasing another Reserved Instance so that AWS can keep charging you based on the chosen reservation term. The default threshold for the number of days before expiration when the rule check is performed is 7 (seven) days. the chosen reservation term.
This rule can help you with the following compliance standards:
- APRA
- MAS
For further details on compliance standards supported by TrendAI Vision One™ Cloud Risk Management, see here.
This rule can help you work with the AWS Well-Architected Framework.
With Reserved Instances (RIs) you can optimize your Amazon EC2 costs based on your expected usage. Because Amazon EC2 reservations are not renewed automatically, purchasing new Reserved Instances before expiration will guarantee their billing at a discounted hourly rate.
Note: You can change the default threshold (seven) for the number of days before expiration on the TrendAI Vision One™ Cloud Risk Management Dashboard and set your own value (days) based on your requirements.
Audit
To determine the expiration date for your Amazon EC2 Reserved Instances, perform the following operations:
Remediation / Resolution
To renew your Amazon EC2 Reserved Instances before their expiration, you need to repurchase them with the same reservation configuration (region, instance type, OS platform, etc.). To renew your Amazon EC2 Reserved Instances, perform the following operations:
References
- AWS Documentation
- Amazon EC2 Reserved Instances
- Amazon EC2 Pricing
- How Reserved Instances Work
- Billing Benefits and Payment Options
- Buying Reserved Instances
- AWS Command Line Interface (CLI) Documentation
- describe-reserved-instances
- describe-reserved-instances-offerings
- purchase-reserved-instances-offering