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As soon as your load balancer becomes available, AWS bills you for each hour or partial hour that you keep the load balancer running. After you've decided that you no longer need the load balancer, you can delete it.
To delete your load balancer
Open the Amazon EC2 console at https://console.aws.amazon.com/ec2/.
In the top navigation bar, click US East (N.Virginia) in the region selector.
In the left navigation pane, click Load Balancers.
Select the check box next to the load balancer you want to delete and then click Delete.

When a confirmation message appears, click Yes, Delete.

Elastic Load Balancing deletes the load balancer. As soon as the load balancer is deleted, you stop incurring charges for that load balancer.
Caution
Even after you delete a load balancer, the Amazon EC2 instances associated with the load balancer continue to run. You will continue to incur charges on the Amazon EC2 instances while they are running.