diff --git a/homeassistant/components/tibber/__init__.py b/homeassistant/components/tibber/__init__.py
index df56989714f..53c02a1461a 100644
--- a/homeassistant/components/tibber/__init__.py
+++ b/homeassistant/components/tibber/__init__.py
@@ -10,10 +10,13 @@ from homeassistant.const import CONF_ACCESS_TOKEN, CONF_NAME, EVENT_HOMEASSISTAN
 from homeassistant.helpers import discovery
 from homeassistant.helpers.aiohttp_client import async_get_clientsession
 import homeassistant.helpers.config_validation as cv
+from homeassistant.helpers.event import async_call_later
 from homeassistant.util import dt as dt_util
 
 DOMAIN = "tibber"
 
+FIRST_RETRY_TIME = 60
+
 CONFIG_SCHEMA = vol.Schema(
     {DOMAIN: vol.Schema({vol.Required(CONF_ACCESS_TOKEN): cv.string})},
     extra=vol.ALLOW_EXTRA,
@@ -22,7 +25,7 @@ CONFIG_SCHEMA = vol.Schema(
 _LOGGER = logging.getLogger(__name__)
 
 
-async def async_setup(hass, config):
+async def async_setup(hass, config, retry_delay=FIRST_RETRY_TIME):
     """Set up the Tibber component."""
     conf = config.get(DOMAIN)
 
@@ -40,9 +43,16 @@ async def async_setup(hass, config):
 
     try:
         await tibber_connection.update_info()
-    except asyncio.TimeoutError as err:
-        _LOGGER.error("Timeout connecting to Tibber: %s ", err)
-        return False
+    except asyncio.TimeoutError:
+        _LOGGER.warning("Timeout connecting to Tibber. Will retry in %ss", retry_delay)
+
+        async def retry_setup(now):
+            """Retry setup if a timeout happens on Tibber API."""
+            await async_setup(hass, config, retry_delay=min(2 * retry_delay, 900))
+
+        async_call_later(hass, retry_delay, retry_setup)
+
+        return True
     except aiohttp.ClientError as err:
         _LOGGER.error("Error connecting to Tibber: %s ", err)
         return False
diff --git a/homeassistant/components/tibber/manifest.json b/homeassistant/components/tibber/manifest.json
index 4186e0781fe..78b358d70ec 100644
--- a/homeassistant/components/tibber/manifest.json
+++ b/homeassistant/components/tibber/manifest.json
@@ -2,7 +2,7 @@
   "domain": "tibber",
   "name": "Tibber",
   "documentation": "https://www.home-assistant.io/integrations/tibber",
-  "requirements": ["pyTibber==0.13.2"],
+  "requirements": ["pyTibber==0.13.3"],
   "dependencies": [],
   "codeowners": ["@danielhiversen"],
   "quality_scale": "silver"
diff --git a/requirements_all.txt b/requirements_all.txt
index e111164cdcc..2ace08d081c 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1116,7 +1116,7 @@ pyRFXtrx==0.25
 # pySwitchmate==0.4.6
 
 # homeassistant.components.tibber
-pyTibber==0.13.2
+pyTibber==0.13.3
 
 # homeassistant.components.dlink
 pyW215==0.6.0