This article explains the list of steps that needs to be followed in order to enable Cost Explorer and also enable EC2 Resource Level Data.

Setting up Cost Explorer

Permissions needed to enable Cost Explorer

In order to enable Cost Explorer you should have Billing and Cost Explorer access. If the AWS account is a member account of an Organization then you have to enable Cost Explorer from the Organization's master account.

You can also use Billing AWS Managed Policy in order to have permissions to enable Cost Explorer.

To sign up for Cost Explorer, follow the below steps:

  1. Sign in to the AWS Management Console and open the Billing and Cost Management console at

  2. On the navigation pane, choose Cost Explorer.

  3. On the Welcome to Cost Explorer page, choose Launch Cost Explorer.

Cost Insights for EC2

If you want to get Cost Insights for EC2, you have to Opt-in to Hourly and Resource Level Data. Follow the below steps to enable Hourly and Resource Level Data:

  1. Go to Cost Explorer
  2. On the navigation pane, choose Preferences
  3. And then select the Hourly and Resource Level Data and click on Save preferences

How much time it takes for the Cost Insights to appear in DAY2(TM)

Once you enable Cost Explorer and Opt in for Hourly and Resource Level Data, it takes close to 24 hours to surface current month's data in DAY2(TM). The rest of your data takes a few days longer to appear in DAY2(TM).  

Cost associated with Cost Explorer

Cost Explorer comes with it's own cost and enabling it will incur some cost. Please see AWS Cost Explorer pricing for more details.