Can I cancel my Azure reserved instances?
An Azure Reserved Virtual Machine Instance is an advanced purchase of a virtual machine for one or three years in a specific region. In return for this upfront commitment, you can receive up to 72 percent savings compared to pay-as-you-go pricing. You can cancel an Azure Reserved Virtual Machine Instance any time (up to $50,000 per year). When you cancel, you return the remaining months of a reserved instance back to Microsoft for an early termination fee of 12 percent. The remaining prorated balance, minus the fee, will be refunded to your original purchase. Reserved capacity can also be cancelled any time, and you’ll receive a prorated refund. Learn more about reserved instances and reserved capacity pricing.