Abstract: A method and apparatus for allocating and pricing virtual resources is provided. According to one aspect, pricing information is obtained for a plurality of virtual resources offered by a plurality of providers. A set of selected virtual resources is determined for a first customer. An expected quantity is determined for at least one virtual resource for the first customer. A fixed charge is determined based on the pricing information, the set of selected virtual resources and at least one expected quantity. At least one unit rate is determined for at least one virtual resource based on the pricing information. The first customer is provided access to the set of selected virtual resources during a billing period, wherein the fixed charge is billed for the billing period. An overflow charge, if any, is determined the at least one unit rate and an actual usage during the billing period.