I got the idea from a post in the Reddit Spikes thread wherein the user suggested a decklist that can be at par with Mono Red Aggro except that I can burn out opponents fast and efficient. The addition of the color Black opens up access to efficient creature removal as well as having ‘drain’ effect cards like Sovereign’s Bite and Sword-Point Diplomacy. Here below is the deck list:

Lands
2 Cinder Barrens
12 Mountain
3 Evolving Wilds
1 Swamp
4 Dragonskull Summit

Creatures
1 Guttersnipe
4 Viashino Pyromancer
4 Electrostatic Field
4 Fanatical Firebrand

Spells
3 Sword-Point Diplomacy
2 Shock
4 Risk Factor
2 Doublecast
4 Sovereign’s Bite
2 Experimental Frenzy
4 Lightning Strike
4 Wizard’s Lightning