diff --git a/pyproject.toml b/pyproject.toml
index 36509fa8..7d5516bb 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -3,7 +3,7 @@
 
 [build-system]
 requires = [
-  "setuptools == 75.6.0",
+  "setuptools == 75.7.0",
   "setuptools_scm[toml] == 8.1.0",
   "frequenz-repo-config[lib] == 0.11.0",
 ]
@@ -47,7 +47,7 @@ dev-flake8 = [
   "flake8 == 7.1.1",
   "flake8-docstrings == 1.7.0",
   "flake8-pyproject == 1.2.3",  # For reading the flake8 config from pyproject.toml
-  "pydoclint == 0.5.9",
+  "pydoclint == 0.5.14",
   "pydocstyle == 6.3.0",
 ]
 dev-formatting = ["black == 24.10.0", "isort == 5.13.2"]
@@ -58,16 +58,16 @@ dev-mkdocs = [
   "mkdocs-gen-files == 0.5.0",
   "mkdocs-literate-nav == 0.6.1",
   "mkdocs-macros-plugin == 1.3.7",
-  "mkdocs-material == 9.5.47",
+  "mkdocs-material == 9.5.49",
   "mkdocstrings[python] == 0.27.0",
-  "mkdocstrings-python == 1.12.2",
+  "mkdocstrings-python == 1.13.0",
   "frequenz-repo-config[lib] == 0.11.0",
 ]
 dev-mypy = [
-  "mypy == 1.13.0",
+  "mypy == 1.14.1",
   "grpc-stubs == 1.53.0.5",
   "types-Markdown == 3.7.0.20241204",
-  "types-protobuf == 5.28.3.20241030",
+  "types-protobuf == 5.29.1.20241207",
   # For checking the noxfile, docs/ script, and tests
   "frequenz-client-electricity-trading[dev-mkdocs,dev-noxfile,dev-pytest]",
 ]
@@ -76,7 +76,7 @@ dev-noxfile = [
   "frequenz-repo-config[lib] == 0.11.0",
 ]
 dev-pylint = [
-  "pylint == 3.3.2",
+  "pylint == 3.3.3",
   # For checking the noxfile, docs/ script, and tests
   "frequenz-client-electricity-trading[dev-mkdocs,dev-noxfile,dev-pytest]",
 ]
@@ -84,9 +84,9 @@ dev-pytest = [
   "pytest == 8.3.4",
   "frequenz-repo-config[extra-lint-examples] == 0.11.0",
   "pytest-mock == 3.14.0",
-  "pytest-asyncio == 0.24.0",
+  "pytest-asyncio == 0.25.1",
   "async-solipsism == 0.7",
-  "deepdiff == 8.0.1",
+  "deepdiff == 8.1.1",
 ]
 dev = [
   "frequenz-client-electricity-trading[dev-mkdocs,dev-flake8,dev-formatting,dev-mkdocs,dev-mypy,dev-noxfile,dev-pylint,dev-pytest]",