diff --git a/homeassistant/components/homewizard/manifest.json b/homeassistant/components/homewizard/manifest.json
index 9ad05ff89a0..22ee54869e3 100644
--- a/homeassistant/components/homewizard/manifest.json
+++ b/homeassistant/components/homewizard/manifest.json
@@ -4,7 +4,7 @@
   "documentation": "https://www.home-assistant.io/integrations/homewizard",
   "codeowners": ["@DCSBL"],
   "dependencies": [],
-  "requirements": ["python-homewizard-energy==1.5.0"],
+  "requirements": ["python-homewizard-energy==1.6.0"],
   "zeroconf": ["_hwenergy._tcp.local."],
   "config_flow": true,
   "quality_scale": "platinum",
diff --git a/homeassistant/components/homewizard/sensor.py b/homeassistant/components/homewizard/sensor.py
index 4441d50061e..68849408dcc 100644
--- a/homeassistant/components/homewizard/sensor.py
+++ b/homeassistant/components/homewizard/sensor.py
@@ -329,11 +329,11 @@ SENSORS: Final[tuple[HomeWizardSensorEntityDescription, ...]] = (
         value_fn=lambda data: data.active_power_average_w,
     ),
     HomeWizardSensorEntityDescription(
-        key="montly_power_peak_w",
+        key="monthly_power_peak_w",
         name="Peak demand current month",
         native_unit_of_measurement=UnitOfPower.WATT,
         device_class=SensorDeviceClass.POWER,
-        value_fn=lambda data: data.montly_power_peak_w,
+        value_fn=lambda data: data.monthly_power_peak_w,
     ),
     HomeWizardSensorEntityDescription(
         key="total_gas_m3",
diff --git a/requirements_all.txt b/requirements_all.txt
index 47e2a1335e3..f848ab57fe2 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2045,7 +2045,7 @@ python-gc100==1.0.3a0
 python-gitlab==1.6.0
 
 # homeassistant.components.homewizard
-python-homewizard-energy==1.5.0
+python-homewizard-energy==1.6.0
 
 # homeassistant.components.hp_ilo
 python-hpilo==4.3
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 53b7a093037..e97218f1c2d 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1450,7 +1450,7 @@ python-forecastio==1.4.0
 python-fullykiosk==0.0.12
 
 # homeassistant.components.homewizard
-python-homewizard-energy==1.5.0
+python-homewizard-energy==1.6.0
 
 # homeassistant.components.izone
 python-izone==1.2.9
diff --git a/tests/components/homewizard/test_diagnostics.py b/tests/components/homewizard/test_diagnostics.py
index fab580a6000..b0885886ec0 100644
--- a/tests/components/homewizard/test_diagnostics.py
+++ b/tests/components/homewizard/test_diagnostics.py
@@ -63,8 +63,8 @@ async def test_diagnostics(
                 "any_power_fail_count": 4,
                 "long_power_fail_count": 5,
                 "active_power_average_w": 123.0,
-                "montly_power_peak_w": 1111.0,
-                "montly_power_peak_timestamp": "2023-01-01T08:00:10",
+                "monthly_power_peak_w": 1111.0,
+                "monthly_power_peak_timestamp": "2023-01-01T08:00:10",
                 "total_gas_m3": 1122.333,
                 "gas_timestamp": "2021-03-14T11:22:33",
                 "gas_unique_id": REDACTED,
diff --git a/tests/components/homewizard/test_sensor.py b/tests/components/homewizard/test_sensor.py
index 445e1aeab45..20ee7fa4479 100644
--- a/tests/components/homewizard/test_sensor.py
+++ b/tests/components/homewizard/test_sensor.py
@@ -1347,7 +1347,7 @@ async def test_sensor_entity_active_power_average(
     assert ATTR_ICON not in state.attributes
 
 
-async def test_sensor_entity_montly_power_peak(
+async def test_sensor_entity_monthly_power_peak(
     hass, mock_config_entry_data, mock_config_entry
 ):
     """Test entity loads monthly power peak."""
@@ -1376,7 +1376,7 @@ async def test_sensor_entity_montly_power_peak(
     )
     assert entry
     assert state
-    assert entry.unique_id == "aabbccddeeff_montly_power_peak_w"
+    assert entry.unique_id == "aabbccddeeff_monthly_power_peak_w"
     assert not entry.disabled
     assert state.state == "1234.456"
     assert (