The .NET domain name registration and renewal wholesale price goes up on February 1st, 2017. Verisign, the .net registry, announced the increase in the annual fee for a .net domain name registration from $7.46 to $8.20., per its agreement with the Internet Corporation for Assigned Names and Numbers (ICANN).
You have a few more days to renew your .net domain names for 1 to 10 years so you can save some money.
The new .Net price at $8.20 will be higher than the .com price that is frozen at $7.85 until at least 2018. The .net price has gone up about 76% since 2012.
I seems that this price increase has become an annual tradition now:
- .Net wholesale price increased on January 15th 2012. Price went up 10%: from $4.65 to $5.11.
- The .net price also increased to $5.62 on July 1, 2013. (from $5.11 to $5.62)
- The .Net wholesale price increased again on February 1st, 2014. (from $5.62 to $6.18)
- The .Net wholesale price increased again last year on February 1st, 2015. (from $6.18 to $6.79)
- Price for .net increased in 2016 from $6.79 to $7.46.
- On February 1st, 2017 it goes from $7.46 to $8.20 ($0.74)
Since the registry .com price stays at $7.85 until November 30th, 2018 (when Verisign .com contract was expiring but has been renewed for 6 more years) Verisign will probably increase the .net domain name price annually for the next years too.
Verisign is allowed by it’s contract with the Internet Corporation for Assigned Names and Numbers (ICANN) to increase the registry price for .net 10% every year.
All prices mentioned above don’t include the ICANN fee and are wholesale prices from Verisign to the registrars. Some registrars will increase their prices just for $0.74 but others will cease this opportunity to increase their prices further.
Verisign won the rights to operate the .web registry that will have no pricing restrictions at all.
IMHO agreements with ICANN should include a tighter price increase cap, directly linked to the inflation rate.
Annual 10% price increases are not reasonable.