Great day for cloud lovers!  I received this email this morning:

Excerpt:

  1. Price reduction for Amazon EC2
    We are reducing Linux On Demand prices for First Generation Standard (M1) instances, Second Generation Standard (M3) instances, High Memory (M2) instances and High CPU (C1) instances in all regions. All prices are effective from February 1, 2013. These reductions vary by instance type and region, but typically average 10-20% price drops. For complete pricing details, please visit the Amazon EC2 pricing page.
  2. Reduced Data Transfer Pricing
    We are reducing prices for data transfer between AWS locations. Our new lower pricing applies to data transfer between all 9 global AWS regions, and from AWS regions to all global CloudFront edge locations. Previously, we have charged normal internet bandwidth prices for data transfer, but are now lowering these charges significantly — allowing you to even more cost effectively move data between regions for serving customers in local geographies, for disaster recovery, and for many other use cases. The new prices are effective February 1, 2013, and you don’t need to do anything to take advantage of these new prices. To learn more, please visit the Amazon S3 pricing page.

After taking a look at the prices the data transfer prices are at zero for a lot of instances and the On Demand prices have dropped below $.01 per hour for Linux micro instances.  I have been thinking of ways to take advantage of some of this pricing.  If you consider that I pay $.48 per hour in electricity costs ALONE you can understand why I am so pro-cloud.

Enjoy the new pricing!  I know I will.