How to Fix 'Rate Limit Exceeded' Error 429 on the OpenAI API?

Rate Limit Exceeded on OpenAI API: Resolving Error 429

Question:

When attempting to use the OpenAI API via Python, a RateLimitError with the message "You exceeded your current quota, please check your plan and billing details" occurs. The code snippet used is:

import openai
openai.api_key = "<My API Key>"

completion = openai.ChatCompletion.create(
  model="gpt-3.5-turbo",
  messages=[
    {"role": "user", "content": "Tell the world about the ChatGPT API in the style of a pirate."}
  ]
)

Solution:

This error typically indicates that the free tier quota has been reached. To resolve this issue, upgrade to a paid plan, set up a payment method, and generate a new API key. It may take a few minutes for the changes to take effect.

Additional Considerations:

• When upgrading to a paid plan, ensure that the new API key is utilized, as old keys generated before the upgrade may not work.
• The rate limits for different models and plan levels vary. Consult the official OpenAI documentation for specific details.
• Consider using a rate-limiting tool like PyRateLimit or REQUESTS_TOOLBELT to control the number of requests made and avoid exceeding the quota.

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