diff --git a/Cargo.lock b/Cargo.lock
index 41973f1..5940ba2 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -22,9 +22,9 @@ checksum = "0ce7134b9999ecaf8bcd65542e436736ef32ddca1b3e06094cb6ec5755203b80"
 
 [[package]]
 name = "frequenz-microgrid-component-graph"
-version = "0.1.2"
+version = "0.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e45a0a99c4c324e7845e4128fc4078168ad14810c0bd0e4a629fa027895bf911"
+checksum = "1995604d1b936b8d3c626e26f883b926ee4ade301703cabd2254a513dc6e42a5"
 dependencies = [
  "petgraph",
  "tracing",
diff --git a/Cargo.toml b/Cargo.toml
index 98ac1e2..10890ab 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "frequenz-microgrid-component-graph-python-bindings"
-version = "0.1.0"
+version = "0.2.0"
 edition = "2024"
 
 # See more keys and their definitions at https://doc.rust-lang.org/cargo/reference/manifest.html
@@ -10,4 +10,4 @@ crate-type = ["cdylib"]
 
 [dependencies]
 pyo3 = "0.27.1"
-frequenz-microgrid-component-graph = "0.1.2"
+frequenz-microgrid-component-graph = "0.2.0"
diff --git a/RELEASE_NOTES.md b/RELEASE_NOTES.md
index 59e2c2d..46df7f8 100644
--- a/RELEASE_NOTES.md
+++ b/RELEASE_NOTES.md
@@ -1,5 +1,5 @@
 # Frequenz Microgrid Component Graph Library Release Notes
 
-## Summary
+## New Features
 
-This is the initial release of the python bindings for the component graph.
+- Grid formulas now use single successor meters as fallback components for meters attached to the grid.