diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 7f7453028..3fefd0b7b 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -5,7 +5,7 @@ exclude: "^LICENSES"
 
 repos:
 - repo: https://github.com/pre-commit/pre-commit-hooks
-  rev: v4.6.0
+  rev: v5.0.0
   hooks:
   - id: check-merge-conflict
   - id: end-of-file-fixer
@@ -51,7 +51,7 @@ repos:
 
   # Formatting with "black" coding style
 - repo: https://github.com/psf/black-pre-commit-mirror
-  rev: 24.8.0
+  rev: 24.10.0
   hooks:
       # Format Python files
   - id: black
diff --git a/README.md b/README.md
index 31a10d9bf..1ed6f43cf 100644
--- a/README.md
+++ b/README.md
@@ -9,7 +9,7 @@ SPDX-License-Identifier: CC-BY-4.0
 ![Size](https://img.shields.io/github/repo-size/pypsa/pypsa-eur)
 [![Zenodo PyPSA-Eur](https://zenodo.org/badge/DOI/10.5281/zenodo.3520874.svg)](https://doi.org/10.5281/zenodo.3520874)
 [![Zenodo PyPSA-Eur-Sec](https://zenodo.org/badge/DOI/10.5281/zenodo.3938042.svg)](https://doi.org/10.5281/zenodo.3938042)
-[![Snakemake](https://img.shields.io/badge/snakemake-≥7.7.0-brightgreen.svg?style=flat)](https://snakemake.readthedocs.io)
+[![Snakemake](https://img.shields.io/badge/snakemake-≥8.14.0-brightgreen.svg?style=flat)](https://snakemake.readthedocs.io)
 [![REUSE status](https://api.reuse.software/badge/github.com/pypsa/pypsa-eur)](https://api.reuse.software/info/github.com/pypsa/pypsa-eur)
 [![Stack Exchange questions](https://img.shields.io/stackexchange/stackoverflow/t/pypsa)](https://stackoverflow.com/questions/tagged/pypsa)