diff --git a/CHANGELOG.md b/CHANGELOG.md
index 49584b2d7..0c991dfe2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,14 @@
 
 All notable changes to the "vscode-iot-workbench" extension will be documented in this file.
 
+## Version 0.16.0
+
+- Release date: Aug 12th, 2020
+
+## Changes
+
+- Deprecate IoT Plug and Play.
+
 ## Version 0.15.0
 
 - Release date: June 9th, 2020
diff --git a/package.json b/package.json
index 35e3b4b43..b00069167 100644
--- a/package.json
+++ b/package.json
@@ -10,7 +10,7 @@
     "url": "https://github.com/Microsoft/vscode-iot-workbench/issues"
   },
   "homepage": "https://github.com/Microsoft/vscode-iot-workbench/blob/master/README.md",
-  "version": "0.15.0",
+  "version": "0.16.0-rc",
   "publisher": "vsciot-vscode",
   "icon": "logo.png",
   "license": "SEE LICENSE IN <LICENSE>",