Google Cloud

Committed use discounts

Compute Engine lets you purchase committed use contracts in return for deeply discounted prices for VM usage. These discounts are referred to as committed use discounts.

Current commitments

Assessing commitments

We will review the previous commitments and our billing reports to identify new commitment opportunities. Unless there are interesting cost-saving opportunities, we will keep a single active commitment to simplify its calculation and review.

Previous commitment and utilization

Review previous commitments and utilization reports to asses if we can increase or supplement our commitments.

  • Sign in to Cloud Billing in the Google Cloud Console
  • From the Billing navigation menu, select Commitments
  • Change the Scope -> Time range to “Year to date”
  • Review VCPU, RAM and other commitments over the last year

Billing reports

Review the billing reports and look for cost-saving opportunities by understanding which are the most expensive resources.

  • Sign in to Cloud Billing in the Google Cloud Console
  • From the Billing navigation menu, select Reports
  • Change the Filters -> Time range to “Year to date”
  • Change the Filters -> Group by to SKU
  • Review Predefined Instance Ram
  • Review Predefined Instance Core

Creating a commitment

Once we have reviewed the current utilization and commitments, we will create a new commitment as required.

  • Sign in to Commitment List
  • Check for any active commitment
  • If there is not active commitment, or the current commitment is about to expire select Purchase commitment
  • Fill in the commitment information, modify the example below as required from your assessment
    • Name: ${month}${year} (july2020)
    • Region: us-central1
    • Commitment type: General-purpose N1
    • Period: 1 year
  • Select Purchase -> Purchase