diff --git a/homeassistant/components/econet/manifest.json b/homeassistant/components/econet/manifest.json
index 53cb1c9fdf91..f6fefb4769f8 100644
--- a/homeassistant/components/econet/manifest.json
+++ b/homeassistant/components/econet/manifest.json
@@ -7,5 +7,5 @@
   "integration_type": "hub",
   "iot_class": "cloud_push",
   "loggers": ["paho_mqtt", "pyeconet"],
-  "requirements": ["pyeconet==0.2.4"]
+  "requirements": ["pyeconet==0.3.1"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index a2b06f967eba..ebcf0d7826d0 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2195,7 +2195,7 @@ pyebox==1.1.4
 pyecoforest==0.4.0
 
 # homeassistant.components.econet
-pyeconet==0.2.4
+pyeconet==0.3.1
 
 # homeassistant.components.ista_ecotrend
 pyecotrend-ista==3.4.0