Energy Consumption-based Pricing Model for Cloud Computing

Pricing mechanisms employed by di erent service providers significantly influence the role of cloud computing within the IT industry. The purpose of this paper is to investigate how di erent pricing models influence the energy consumption, performance and cost of cloud services. Therefore, we propose a novel Energy-Aware Pricing Model that considers energy consumption as a key parameter with respect to performance and cost. Experimental results show that the implementation of the Energy- Aware Pricing Model achieves up to 63.3% reduction of the total cost as compared to current pricing models like those advertised by Rackspace.