diff --git a/homeassistant/components/sensor/loopenergy.py b/homeassistant/components/sensor/loopenergy.py
index 0c9cc341be3..7745116e82f 100644
--- a/homeassistant/components/sensor/loopenergy.py
+++ b/homeassistant/components/sensor/loopenergy.py
@@ -13,7 +13,7 @@ _LOGGER = logging.getLogger(__name__)
 
 DOMAIN = "loopenergy"
 
-REQUIREMENTS = ['pyloopenergy==0.0.5']
+REQUIREMENTS = ['pyloopenergy==0.0.7']
 
 
 def setup_platform(hass, config, add_devices, discovery_info=None):
@@ -110,7 +110,7 @@ class LoopEnergyElec(LoopEnergyDevice):
 
     def update(self):
         """Get the cached Loop energy."""
-        self._state = self._controller.electricity_useage
+        self._state = round(self._controller.electricity_useage, 2)
 
 
 # pylint: disable=too-many-instance-attributes
@@ -126,4 +126,4 @@ class LoopEnergyGas(LoopEnergyDevice):
 
     def update(self):
         """Get the cached Loop energy."""
-        self._state = self._controller.gas_useage
+        self._state = round(self._controller.gas_useage, 2)
diff --git a/requirements_all.txt b/requirements_all.txt
index f10c9972407..d1de17a6bbb 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -183,7 +183,7 @@ pyfttt==0.3
 pyicloud==0.7.2
 
 # homeassistant.components.sensor.loopenergy
-pyloopenergy==0.0.5
+pyloopenergy==0.0.7
 
 # homeassistant.components.device_tracker.netgear
 pynetgear==0.3.2