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If they already have the spec sheet ready for 2020, I think they would have plenty of time to develop an engine. If it is indeed a simpler setup than the current one.
They probably don't, plus, as we've seen with Honda, who had an extra year to prepare, it doesn't mean a thing. Really and truly you don't start to learn until you out the engine in the car and start running.
Red Bull can't realistically make an engine on their own, or without help from a manufacturer, given their ambition. That sounds like just pressure to force a change of engine formula sooner than later to hopefully get back into favour.