Power BI Premium is gone. Microsoft Fabric took its place. Your Power BI skills remain intact — reports still work, DAX matters more than ever, and you don't need to learn Spark this weekend.

The authoring experience in Power BI Desktop and web modeling remains unchanged, with DAX as the core language for semantic models. Power Query and M language still handle data transformation, and semantic models use the same VertiPaq storage engine with identical relationships and calculated columns. The Power BI service is now part of the Fabric portal, but workspaces, reports, scheduled refreshes, and Apps experience remain identical.

Even the URL didn't change, and Import mode and Direct Query still work exactly as before. You don't HAVE to use Direct Lake — if your reports run fine on Import mode with daily refresh, that's a perfectly valid architecture. Row-level security, deployment pipelines, gateways, and Apps remain unchanged.

The license changed from Power BI Premium P SKUs to Fabric capacity F SKUs, with P1 roughly equivalent to F2. Five key changes significantly impact Power BI developers, representing 90% of what's different in Fabric.