Amazon lowers fees on reserved EC2 instances

Amazon is lowering prices for reserve instances of its Elastic Compute Cloud (EC2) services to entice more enterprises to sign up for longer-term deals.

The reserve instances were a big deal in March when Amazon rolled them out. In a nutshell, big enterprise customers can sign up for EC2 in 1-year and 3-year terms and get bulk pricing.

Now Amazon is making that bulk pricing more attractive. Amazon has lowered the one-time fee for EC2 reserved instances by 30 percent. The company is obviously trying to get more enterprise customers to sign up for longer-term deals.

Here's a look at the new pricing: