Learn how to take advantage of Amazon EC2 Standard Reserved Instances you no longer need. Explore options to sell or convert Standard RIs for optimal cost savings.
Table of Contents
Question
A company purchased Amazon EC2 Standard Reserved Instances (RIs) for a workload in the AWS Cloud. The company needs to move part of the workload to an instance family that does not match the instance family of these Standard RIs.
How can the company take advantage of the Standard RIs that it no longer needs?
A. Contact the AWS Support team, and ask the team to sell the Standard RIs
B. Sell the Standard RIs on the Amazon EC2 Reserved Instance Marketplace
C. Sell the Standard RIs as a third-party seller on the AWS Marketplace
D. Convert the Standard RIs to Savings Plans
Answer
B. Sell the Standard RIs on the Amazon EC2 Reserved Instance Marketplace
Explanation
When a company has Amazon EC2 Standard Reserved Instances (RIs) that they no longer need due to changes in their workload or instance family requirements, they can sell these Standard RIs on the Amazon EC2 Reserved Instance Marketplace. This marketplace allows EC2 customers to sell their unused Standard RIs to other businesses and organizations.
By selling the unused Standard RIs on the marketplace, the company can recoup some of the costs associated with their original purchase. This helps to optimize their cost savings and allows other customers to take advantage of discounted EC2 pricing through the resale of these Standard RIs.
It’s important to note that the company cannot convert Standard RIs to Savings Plans, as these are two separate pricing models with different commitment terms and flexibility. Additionally, contacting AWS Support to sell the Standard RIs or attempting to sell them as a third-party seller on the AWS Marketplace are not valid options.
Therefore, the correct answer is B. Sell the Standard RIs on the Amazon EC2 Reserved Instance Marketplace.
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