I did an experiment some years ago along those lines. One winter, we had the heating on timed (on/off 2x a day), the next winter we left it on 24/7, but turned the room thermostat down to about 16-17 when we were out, and up to 18-21 when we were in. At night, we turned it down to 17-18 degs. It worked out cheaper to leave it on 24/7, probably because on/off 2x a day meant that the boiler (gas) had to fire for a long time to warm the house up from stone cold. With it being on 24/7, the house is warm(ish) all the time, and the boiler isn't firing for long periods.