Hello @Alex ,
I understand that you would like to know under what circumstances/scenarios, Azure bill an Application gateway WAF_v2 SKU as Standard v2 and why.
I checked regarding this behavior and found the below:
This happens when you’ve provisioned a WAF_V2 and also enabled DDoS Network Protection. Since you're paying the monthly fee for DDoS Network Protection, there's no additional charges for WAF; and you're charged at the lower Standard_V2 rates.
Refer the pricing examples in the below DDOS pricing doc: https://azure.microsoft.com/en-us/pricing/details/ddos-protection/#pricing
Kindly let us know if the above helps or you need further assistance on this issue.
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