diff --git a/conda_meta/basic/meta.yaml b/conda_meta/basic/meta.yaml
index 5df1519c8d1..88de4c93db2 100644
--- a/conda_meta/basic/meta.yaml
+++ b/conda_meta/basic/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "1.14.2" %}
+{% set version = "2.0" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-compressor
diff --git a/conda_meta/full/meta.yaml b/conda_meta/full/meta.yaml
index 5b60cf17e2d..a36904ed855 100644
--- a/conda_meta/full/meta.yaml
+++ b/conda_meta/full/meta.yaml
@@ -1,4 +1,4 @@
-{% set version = "1.14.2" %}
+{% set version = "2.0" %}
 {% set buildnumber = 0 %}
 package:
   name: neural-compressor-full
diff --git a/neural_compressor/version.py b/neural_compressor/version.py
index dc09385bbd9..8af2ea6bbd1 100644
--- a/neural_compressor/version.py
+++ b/neural_compressor/version.py
@@ -15,4 +15,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 """Intel® Neural Compressor: An open-source Python library supporting popular model compression techniques."""
-__version__ = "1.14.2"
+__version__ = "2.0"
diff --git a/test/config/test_config.py b/test/config/test_config.py
index b336b873dc8..c035e8919ad 100644
--- a/test/config/test_config.py
+++ b/test/config/test_config.py
@@ -112,7 +112,7 @@ def test_device(self):
 
     def test_version(self):
         test = '''
-        version: 2.0
+        version: 1.0
 
         model:
           name: version_yaml 
@@ -128,10 +128,10 @@ def test_version(self):
         '''
         helper(test)
         config = conf.Conf('fake_conf.yaml')
-        self.assertEqual(config.usr_cfg.version, 1.0)
+        self.assertEqual(config.usr_cfg.version, 2.0)
 
         test = '''
-        version: 1.0
+        version: 2.0
 
         model:
           name: version_yaml 
@@ -139,7 +139,7 @@ def test_version(self):
         '''
         helper(test)
         config = conf.Conf('fake_conf.yaml')
-        self.assertEqual(config.usr_cfg.version, 1.0)
+        self.assertEqual(config.usr_cfg.version, 2.0)
 
     def test_calibration(self):
         test = '''