diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index c371085ae4..13ab232495 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.3.0
+current_version = 0.3.1
 commit = True
 tag = True
 
diff --git a/satpy/version.py b/satpy/version.py
index 787740eff2..35a64e88e1 100644
--- a/satpy/version.py
+++ b/satpy/version.py
@@ -23,4 +23,4 @@
 """Version file.
 """
 
-__version__ = "0.3.0"
+__version__ = "0.3.1"