diff --git a/homeassistant/components/p1_monitor/manifest.json b/homeassistant/components/p1_monitor/manifest.json
index 4702de3546d..dfc681977a5 100644
--- a/homeassistant/components/p1_monitor/manifest.json
+++ b/homeassistant/components/p1_monitor/manifest.json
@@ -7,5 +7,5 @@
   "iot_class": "local_polling",
   "loggers": ["p1monitor"],
   "quality_scale": "platinum",
-  "requirements": ["p1monitor==3.0.1"]
+  "requirements": ["p1monitor==3.1.0"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 27e492886eb..bb89d3172d8 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1565,7 +1565,7 @@ ourgroceries==1.5.4
 ovoenergy==2.0.0
 
 # homeassistant.components.p1_monitor
-p1monitor==3.0.1
+p1monitor==3.1.0
 
 # homeassistant.components.mqtt
 paho-mqtt==1.6.1
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 36fb127b380..8b01705beff 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1289,7 +1289,7 @@ ourgroceries==1.5.4
 ovoenergy==2.0.0
 
 # homeassistant.components.p1_monitor
-p1monitor==3.0.1
+p1monitor==3.1.0
 
 # homeassistant.components.mqtt
 paho-mqtt==1.6.1