diff --git a/docs/source/conf.py b/docs/source/conf.py
index dad6a7a..2079292 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -23,8 +23,8 @@
 author = "Jelena Tosovic, Domagoj Fijan, Marko Jukic, Urban Bren"
 
 # The full version, including alpha/beta/rc tags
-version = "0.4.0"
-release = "0.4.0"
+version = "0.5.0"
+release = "0.5.0"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index 9a40ecb..748a480 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "WaterNetworkAnalysis"
-version = "0.4.0"
+version = "0.5.0"
 authors = [
     { name = "Domagoj Fijan" },
     { name = "Jelena Tosovic", email = "jecat_90@live.com" },