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Option 1: Commutation refers to the power of the President to reduce the length or severity of a sentence, but it does not change the character of the sentence. This means that the punishment remains the same, but the duration is shortened.
Option 2: Remission is the correct answer. It is the pardoning power of the President where the duration of the sentence is reduced without changing its character. This means that the punishment remains the same, but the length of the sentence is shortened.
Option 3: Respite refers to the power of the President to temporarily postpone or delay the execution of a sentence, usually for humanitarian reasons. It does not involve reducing the duration of the sentence.
Option 4: Reprieve is the power of the President to temporarily postpone or suspend the execution of a sentence. It does not involve reducing the duration of the sentence.
Therefore, the correct answer is option 2: Remission.