Microsoft Power BI Premium P1 enables more users in your organization to get the most out of Power BI with better performance and responsiveness. Power BI Premium is a tenant-level Microsoft 365 subscription with P SKUs (P1-P5) for embedding and enterprise features, requiring a monthly or yearly commitment, billed monthly, and includes a license to install Power BI Report Server on-premises.
Power BI Premium subscriptions are purchased by administrators in the Microsoft 365 admin center. Specifically, only Global administrators or Billing Administrators can purchase SKUs. When purchased, the tenant receives a corresponding number of v-cores to assign to capacities, known as v-core pooling. Purchasing a P3 SKU provides the tenant with 32 v-cores and 100 GB of RAM.