Citing ever-increasing energy expenses and inflation, OVHcloud’s founder Octave Klaba and company CEO Michel Paulin have announced that they will be raising prices by as much as 10 percent in 2023. They revealed this significant price increase in a blog post on the company’s website.
“The global rates of inflation have altered our daily life in 2021, especially in 2022,” stated OVHcloud’s board members, Octave Klaba and Michel Paulin. “Inflation has a substantial influence on all business sectors, including the digital industry, with an annual rate in Europe reaching over 8.9% in July 2022, including a 39.7% increase in energy expenses.
“We avoided having to change our pricing right away in 2021 because of the long-term control of our energy expenditures,” they continued. “However, our coverage for energy purchases will stop at the end of 2022, and we will have to buy energy at a high price – the current, rapidly rising market price around the globe. We regrettably have to pass along this large increase to all of our services that are directly impacted by the electricity usage of our infrastructures. Both new and existing services will be impacted by this price hike.”
Bare Metal, Private Cloud, Public Cloud
As of December 1, 2022, OVHcloud will implement a controlled pricing rise of about 10 percent for current services being delivered, including the company’s Bare Metal (Servers, Eco, VPS), Hosted Private Cloud, Public Cloud, and Web Hosting offerings.
“Price/performance is part of our core commitments and remains at the heart of our value proposition to our customers,” OVHcloud’s board members concluded in their blog post. “Currently, you already benefit from the savings we help you make thanks to innovations like 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.
You can find the original blog post here.