OVHcloud web hosting is about to get a whole lot more expensive

Date:
Tue, 23 Aug 2022 13:20:54 +0000

Description:
OVHcloud will add 10% to its service prices by the end of the year as the global economy continues to feel the effects of inflation.

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OVHclouds web hosting service, among other solutions, is set for a
significant price hike as inflation continues to surge.

In a blog post , the companys founder Octave Klaba and CEO Michael Paulin explained that global inflation has had a significant impact on all business sectors, including digital.

As a result, OVHcloud will increase the price of its web hosting, bare metal hosting , server hosting , VPS hosting , as well as its hosted private cloud and public cloud solutions, by 10% from December 1 onwards. OVHcloud price hike

The pair say OVHclouds energy purchase coverage is ending this year and, as a result, the web and cloud hosting firm will end up buying energy at a high price.

In the second half of 2021, the EU saw a significant increase in wholesale energy prices, with the main driver being the surge in global energy demand
as most countries emerged from the Covid-19 pandemic.

Russias invasion of Ukraine has also had a major impact on the price of energy, with Russia being a major player in global energy markets, as well as one of the worlds top three crude producers, alongside Saudi Arabia and the United States. Read more

OVHcloud is launching an object storage tool

OVHcloud releases new Advance Bare Metal Servers for SMEs

Web hosting prices could be set for a major rise

Further detail of the price spike is scheduled for the coming weeks, but both Klaba and Paulin confirmed that the increase will affect all of OVHclouds services that directly link to the electricity consumption of its infrastructures.

Both new and existing OVHcloud services will increase in price by the end of the year.

Klaba and Paulin both claim that its customers already receive benefits from the savings it made with energy efficiency solutions such as water cooling
and reversibility.

These new inflation pressures do not change our objectives: to better serve you and offer you total freedom in the advanced use of our infrastructures
and services by bringing you even more innovations, the duo stated. Check out our roundup of the best cheap web hosting deals

Via The Register



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Link to news story: https://www.techradar.com/news/ovhcloud-web-hosting-is-about-to-get-a-whole-lo t-more-expensive/


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