Power BI Premium consists of dedicated capacity (hardware) that an organization can provision to host some or all of its Power BI content (datasets, reports, and dashboards). As an alternative to the free clusters of capacity provided by Microsoft and shared by many organizations, premium capacities are isolated to a specific organization and thus are not impacted by the use of Power BI by other organizations. Another very important benefit of this isolation is that the provisioning organization can utilize their capacity as needed and is not constrained by the limits imposed on shared (free) capacity, such as dataset sizes and refresh frequencies. Additionally, as a cloud service managed by Microsoft, organizations have great flexibility to scale, allocate, and manage premium resources according to their preferred allocation methodology and changing requirements...
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