I completely agree. For me, GitLab is primarily a place where I dump my personal code. Having a monthly $5 subscription for that is acceptable - an annual $228 payment is not, especially because I don't even _need_ the premium features!
I consume maybe a few megabytes of disk space. Why do they want to get rid of me so badly? In the past I have highly recommended GitLab because they are actually really good, but stuff like this does make me rethink that.