diff --git a/README.md b/README.md
index 28e2fd85a..22a388e71 100644
--- a/README.md
+++ b/README.md
@@ -58,7 +58,7 @@ models for all libraries supporting the
 
 ## Version
 
-TEASER is a ongoing research project, the current version is 0.7.4, which is
+TEASER is a ongoing research project, the current version is 0.7.5, which is
 still a pre-release.
 
 ## How to use TEASER
diff --git a/doc/conf.py b/doc/conf.py
index 83d42b6ff..00c30cd1e 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -58,7 +58,7 @@
 # The short X.Y version.
 version = "0.7."
 # The full version, including alpha/beta/rc tags.
-release = "0.7.4"
+release = "0.7.5"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index dc1c53368..096244c7b 100644
--- a/setup.py
+++ b/setup.py
@@ -2,7 +2,7 @@
 
 setup(
     name="teaser",
-    version="0.7.4",
+    version="0.7.5",
     description="Tool for Energy Analysis and Simulation for " "Efficient Retrofit ",
     url="https://github.com/RWTH-EBC/TEASER",
     author="RWTH Aachen University, E.ON Energy Research Center, "