It was on the BBC interactive channel on freeview this morning, although there's no way to record it via freesat, it's not on the EPG.
Here's the freeview schedule:
Thursday BBCi: 30/9/10: 3.50am - 8.40am - Mens elite time trial.
Saturday BBCi: 2/10/10: 3.50am - 8.00am - Womens elite road race.
While it's not on the freeview EPG, on the BBC website it says the mens elite road race is on from 10.00pm on saturday night until 6am ish sunday morning (sounds a bit vague to me), while the freeview epg says it's showing Moto GP....
If you want to catch up on the u23's race, then Eurosport has highlights, if you really want to catch it live, then the only place I can find it on satellite is RaiSport2 on Hotbird.