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If you think your architecture warrants additional Elastic IP addresses, you can request a quota increase directly from the Service Quotas console. Increasing the limit will not generate any cost.
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I appreciate your response. Regarding the slot concept, am I correct to understand that while the maximum limit can increase, actual charges are only incurred when the Elastic IP is allocated?
Exactly, you pay for allocated IP addresses when they are not associated with a running instance or when they are associated with a stopped instance or unattached network interface.