Hi @WinTechie ,
the prices of VM SKUs may be different now. It depends, among other things, on the time at which the reservations were purchased.
If you are talking about "resize the VMs": If you choose the same VM series you don't "loose" the existing reserved instances.
Maybe this is helpful: https://learn.microsoft.com/en-us/azure/virtual-machines/reserved-vm-instance-size-flexibility
Otherwise if you don't need the reserved instances you should cancel these:
https://learn.microsoft.com/en-us/azure/cost-management-billing/reservations/exchange-and-refund-azure-reservations
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(If the reply was helpful please don't forget to upvote and/or accept as answer, thank you)
Regards
Andreas Baumgarten