An Elastic IP address doesn’t incur charges as long as the following conditions are true:
- The Elastic IP address is associated with an EC2 instance.
- The instance associated with the Elastic IP address is running.
- The instance has only one Elastic IP address attached to it.
AWS does provide you an option to import your own IP pool (if you already bought it) for which you would never incur any additional expense.
Amazon would penalize you for breaching the above conditions on an hourly basis. So, best utilize your elastic IPs efficiently. Release them if you no longer need them.
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